Technical analysis of USD/JPY for Jan 10, 2018

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In Asia, Japan will have the 10-y Bond Auction. The US will also hold the 10-y Bond Auction and release some economic data such as the crude oil inventories, the final wholesale inventories m/m, and import prices m/m . So there is a probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Resistance. 3: 112.84.

Resistance. 2: 112.62.

Resistance. 1: 112.40.

Support. 1: 112.13.

Support. 2: 111.90.

Support. 3: 111.68.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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 of USD/JPY for Jan 10, 2018

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