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28.11.201805:48 Forex Analysis & Reviews: Technical analysis: Intraday levels for USD/JPY for November 28, 2018

Long-term review

Exchange Rates 28.11.2018 analysis

In Asia, Japan will not release any economic data today, but the US will publish Crude Oil Inventories, Richmond Manufacturing Index, New Home Sales, Prelim Wholesale Inventories m/m, Prelim GDP Price Index q/q, Goods Trade Balance, and Prelim GDP q/q. So there is a probability that the USD/JPY pair will trade with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 114.38

Resistance 2: 114.15

Resistance 1: 113.93

Support 1: 113.66

Support 2: 113.43

Support 3: 113.21

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
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