Technical analysis of USD/JPY for Nov 03, 2017

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY will move with medium to high volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 114.51.

Resistance. 2: 114.29.

Resistance. 1: 114.06.

Support. 1: 113.79.

Support. 2: 113.57.

Support. 3: 113.34.

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.

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