24.04.201407:14 Forex Analysis & Reviews: Technical analysis of USD/JPY for April 24, 2014

Long-term review

Exchange Rates 24.04.2014 analysis

In Asia, Japan will release the CSPI y/y and the US will release some economic data such as Core Durable Goods Orders m/m, Unemployment Claims, Natural Gas Storage, Durable Goods Orders m/m. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.


Resistance. 3: 102.99.

Resistance. 2: 102.79.

Resistance. 1: 102.59.

Support. 1: 102.34.

Support. 2: 102.13.

Support. 3: 101.93.


Please, pay attention to the levels of support 3 (101.93) and resistance 3 (102.99). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group


For more analysis go to: blog.mt5.com/arief


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*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Arief Makmur,
Analytical expert of InstaForex
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