Technical analysis: intraday levels for USD/JPY, Nov 09, 2018

analytics5be4ed688ac70.jpg

In Asia, Japan will release the M2 Money Stock y/y. At the same time, the US will also publish some economic data such as the Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Final Wholesale Inventories m/m, CorePPI m/m, PPI m/m. So there is a probability USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 114.51

Resistance. 2: 114.28

Resistance. 1: 114.06

Support. 1: 113.79

Support. 2: 113.56

Support. 3: 113.34

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

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