Technical analysis of USD/JPY for August 22, 2014

Technical analysis of USD/JPY for August 22, 2014


Posted on Aug 22, 2014 at 12:36 PM

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In Asia, Japan will not release any economic data as well as the US, but today Fed Chair Yellen will speak. So there is a big probability USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session. Todays technical levels: Resistance. 3: 104.47. Resistance. 2: 104.27. Resistance. 1: 104.06. Support. 1: 103.81. Support. 2: 103.61. Support. 3: 103.40. Disclaimer: Trading Forex 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. WWW.LOGINTRADER.COM

Keywords : usd/jpy,TODAY NEWS,USD/JPY SUPPORT/ RESISTANCE


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