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Technical analysis of USD/JPY for November 14, 2014

!USDJPY.jpg

In Asia, Japan will not release any economic data. The US will release some key economic data such as Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m, Mortgage Delinquencies, and Natural Gas Inventories. So, there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 116.49.

Resistance. 2: 116.26.

Resistance. 1: 116.04.

Support. 1: 115.75.

Support. 2: 115.53.

Support. 3: 115.30.


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