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18.03.201505:17 Forex Analysis & Reviews: Technical analysis of USD/JPY for March 18, 2015

Long-term review
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Exchange Rates 18.03.2015 analysis



In Asia, Japan will release the reports on its Trade Balance and BOJ Monthly Report, and the United States will unveil economic data on Federal Funds Rate, FOMC Statement, FOMC Economic Projections, and Crude Oil Inventories. So there is a big probability that the USD/JPY pair will move with low volatility during the Asian session, but with medium volatility during the US session.


TODAY TECHNICAL LEVELS:


Resistance. 3: 121.91.


Resistance. 2: 121.67.


Resistance. 1: 121.44.


Support. 1: 121.15.


Support. 2: 120.91.


Support. 3: 120.67.




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.

Arief Makmur
Analytical expert of InstaForex
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