empty
 
 
30.04.2014 05:33 AM
Technical analysis of USD/JPY for April 30, 2014

This image is no longer relevant

In Asia, Japan will release the Manufacturing PMI, Prelim Industrial Production m/m, Average Cash Earnings y/y, Monetary Policy Statement, Housing Starts y/y, the BOJ Outlook Report, and the BOJ Press Conference is due. Meanwhile, the US will unveil its ADP Non-Farm Employment Change, Advance GDP q/q, Advance GDP Price Index q/q, Employment Cost Index q/q, Chicago PMI, Crude Oil Inventories, FOMC Statement, and Federal Funds Rate. So there is a big probability the USD/JPY will move with low to medium volatility today.

Today's technical levels:
Resistance. 3: 103.04.
Resistance. 2: 102.85.
Resistance. 1: 102.63.
Support. 1: 102.40.
Support. 2: 102.19.
Support. 3: 101.99.

Description:
Please, pay attention to the levels of support 3 (101.99) and resistance 3 (103.04). Normally, when a level is touched, USD/JPY is likely to rebound from the previous low by 10 to 20 pips. However, 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 InstaForexGroup InstaForex Group http://instaforex.com
For more analysis go to: blog.mt5.com/arief
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.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback