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05.12.201805:00 Forex Analysis & Reviews: Technical analysis: Intraday levels for USD/JPY, Dec 05, 2018

Long-term review
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Exchange Rates 05.12.2018 analysis

In Asia, today Japan will not release any economic data. The US will provide a series of economic reports such as Beige Book, Crude Oil Inventories, IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services PMI, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY pair will trade with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance 3: 113.55

Resistance 2: 113.33

Resistance 1: 113.11

Support 1: 112.83

Support 2: 112.61

Support 3: 112.39

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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.

Arief Makmur
Analytical expert of InstaForex
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