Technical analysis of USD/JPY for Jan 25, 2018 25.01.2018

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Exchange Rates 25.01.2018 analysis

In Asia, Japan today will not release any economic data. However, the US will release a series of economic reports such as Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Resistance 3: 109.69.

Resistance 2: 109.48.

Resistance 1: 109.26.

Support 1: 109.00.

Support 2: 108.79.

Support 3: 108.57.

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.

Performed by Arief Makmur,
Analytical expert
InstaForex Group © 2007-2018

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