15.10.201804:50 Forex Analysis & Reviews: Technical analysis: Intraday levels for USD/JPY, Oct 15, 2018

Long-term review

Exchange Rates 15.10.2018 analysis

In Asia, Japan will release the Revised Industrial Production m/m. The US will release a series of economic data Treasury Currency Report, Federal Budget Balance, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance 3: 112.65

Resistance 2: 112.43

Resistance 1: 112.21

Support 1: 111.95

Support 2: 111.72

Support 3: 111.50

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert
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