Intraday level USD/JPY for December 14, 2018

analytics5c131efc787c7.jpg

In Asia, Japan will release the Revised Industrial Production m/m, Flash Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will also publish some economic data such as Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Industrial Production m/m, Capacity Utilization Rate, Retail Sales m/m, and Core Retail Sales m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.06. Resistance. 2: 113.84. Resistance. 1: 113.62. Support. 1: 113.33. Support. 2: 113.11. Support. 3: 112.89. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.The material has been provided by InstaForex Company – www.instaforex.com

Source:: Technical analysis: Intraday level for USD/JPY for December 14, 2018

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*