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Technical analysis of USD/JPY for March 04, 2015

!USDJPY.jpg



In Asia, Japan is not expected to release any economic data, but the US will release data on the Beige Book, crude oil inventories, the ISM non-manufacturing PMI, the final services PMI, and the ADP non-farm employment change. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the North American session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.17.

Resistance. 2: 119.94.

Resistance. 1: 119.70.

Support. 1: 119.41.

Support. 2: 119.18.

Support. 3: 118.94.





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