logo

FX.co ★ Technical analysis of USD/JPY for February 10, 2015

Technical analysis of USD/JPY for February 10, 2015

Technical analysis of USD/JPY for February 10, 2015



In Asia, Japan will release the M2 Money Stock y/y and Tertiary Industry Activity m/m. The US will also release some economic reports such as Wholesale Inventories m/m, IBD/TIPP Economic Optimism, Mortgage Delinquencies, JOLTS Job Openings, NFIB Small Business Index, and FOMC Member Lacker Speech. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:
Resistance. 3: 119.09.
Resistance. 2: 118.86.
Resistance. 1: 118.63.
Support. 1: 118.34.
Support. 2: 118.11.
Support. 3: 117.89.


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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account