The US Government shutdown issue must be watched carefully, because this issue can make sudden volatility movement at USD/JPY; please wait for and watch carefully this issue.
TODAY’s TECHNICAL LEVELS:
Resistance. 3 : 98.93.
Resistance. 2 : 98.74.
Resistance. 1 : 98.55.
Support. 1 : 98.31.
Support. 2 : 98.11.
Support. 3 : 97.92.
DESCRIPTION:
Please, pay attention to the levels of support 3 (97.92) and resistance 3 (98.93). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
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.
Arief Makmur is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him.
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Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2013 |
USD/JPY intraday technical levels for October 01, 2013
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