15.10.201406:21 Technical analysis of USD/JPY for October 15, 2014

Long-term review

In Asia, Japan will release the 30-y Bond Auction, Revised Industrial Production m/m, and the US will release some economic data such as PPI m/m, Retail Sales m/m, Core PPI m/m, Empire State Manufacturing Index, Business Inventories m/m, Beige Book, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 107.70.
Resistance. 2: 107.49.
Resistance. 1: 107.28.
Support. 1: 107.03.
Support. 2: 106.82.
Support. 3: 106.60.
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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Arief Makmur,
Analytical expert
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