08.11.201807:08 Forex Analysis & Reviews: Technical analysis: Intraday levels for USD/JPY, Nov 08, 2018

Long-term review

Exchange Rates 08.11.2018 analysis

In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Core Machinery Orders m/m, Bank Lending y/y, and BOJ Summary of Opinions. The US will release some economic data as well such as Federal Funds Rate, FOMC Statement, Natural Gas Storage, and Unemployment Claims. So, there is a probability the USD/JPY pair will move with medium to high volatility during this day.


Resistance 3: 114.18

Resistance 2: 113.95

Resistance 1: 113.74

Support 1: 113.46

Support 2: 113.23

Support 3: 113.01

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

Arief Makmur,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.