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Technical analysis of USD/JPY for November 06, 2014

!USDJPY.jpg

In Asia, Japan will release the Monetary Policy Meeting Minutes, Leading Indicators and the US will release some economic data such as Challenger Job Cuts y/y, Unemployment Claims, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Natural Gas Storage. 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.

TODAY TECHNICAL LEVELS:

Resistance. 3: 115.48.

Resistance. 2: 115.26.

Resistance. 1: 115.04.

Support. 1: 114.76.

Support. 2: 114.53.

Support. 3: 114.31.


The material has been provided by InstaForex Company - www.instaforex.com