Main Quotes Calendar Forum
flag

FX.co ★ Technical analysis of USD/JPY for July 01, 2015

parent
Forex Analysis:::2015-07-01T02:24:20

Technical analysis of USD/JPY for July 01, 2015

Technical analysis of USD/JPY for July 01, 2015

In Asia, Japan will release the Final Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US is expected to unveil data on Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So, there is a strong probability that USD/JPY will move with a low to medium volatility during the Asian session, but with a medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.17.

Resistance. 2: 122.93.

Resistance. 1: 122.69.

Support. 1: 122.40.

Support. 2: 122.16.

Support. 3: 121.92.

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.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...