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Technical analysis of the pair USD/JPY for Dec 08, 2017 — Forex Stock Trade




Technical analysis of the pair USD/JPY for Dec 08, 2017




In Asia, Japan will release the Economy Watchers Sentiment, Average Cash Earnings y/y, the GDP Price Index y/y, Current Account, Bank Lending y/y, GDP q/q data, and the us will release some Economic Data such as Prelim Unit of measurement of Inflation Expectations, the Final wholesale Inventories (m/m, Prelim uom Consumer sentiment, Unemployment Rate, Non-Farm Employment Change, and Average Hourly earnings (m/m). Therefore, there is a probability of the USD/JPY is moving with a medium to high volatility during this day.

TODAY’S TECHNICAL LEVEL:

Of the resistance. 3: 113.92.

Of the resistance. 2: 113.70.

Of the resistance. 1: 113.48.

Support. 1: 113.20.

Support. 2: 112.98.

Support. 3: 112.76.

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 part or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You need to 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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