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10.08.201808:04 Forex Analysis & Reviews: Technical analysis: Intraday level for USD/JPY, Aug 10, 2018

Long-term review
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Exchange Rates 10.08.2018 analysis

In Asia, Japan will release the Tertiary Industry Activity m/m, PrelimGDP Price Index y/y, PPI y/y, and Prelim GDP q/q. The US will release some Economic Data such as Federal Budget Balance, Core CPI m/m, and CPIm/m. So there is a probability the USD/JPY pair will move with low tomedium volatility during this day.

TODAY'S TECHNICAL LEVEL: Resistance. 3: 111.52. Resistance. 2: 111.30. Resistance. 1: 111.08. Support. 1: 110.82. Support. 2: 110.60. Support. 3: 110.38.

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

Arief Makmur
Analytical expert of InstaForex
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