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Technical analysis of USD/JPY for March 09, 2018
Posted On 09 Mar 2018
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In Asia, Japan will release the Monetary Policy Statement, the BOJ Policy Rate, the Average Cash Earnings y/y, the M2 Money Stock y/y, and the Household Spending y/y. At the same time, the US will also deliver some economic data such as the Final Wholesale Inventories m/m, the Unemployment Rate, the Non-Farm Employment Change, and the Average Hourly Earnings m/m. So there is a probability the USD/JPY will move with medium to high volatility during this day.
TODAY’S TECHNICAL LEVELS:
Resistance. 3: 107.35.
Resistance. 2: 107.14.
Resistance. 1: 106.93.
Support. 1: 106.68.
Support. 2: 106.47.
Support. 3: 106.26.
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
