Technical analysis: Intraday levels for USD/JPY, Oct 12, 2018

analytics5bc0234ef26f6.jpg

In Asia, Japan will release the Tertiary Industry Activity m/m and M2 Money Stock y/y. The US will provide a batch of economic reports such as Federal Budget Balance, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, and Import Prices m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance 3: 112.82

Resistance 2: 112.60

Resistance 1: 112.38

Support 1: 112.11

Support 2: 111.88

Support 3: 111.56

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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