FX.co ★ USD/JPY intraday technical levels for November 12, 2013

Today data on Tertiary Industry Activity m/m, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y, etc. will be released in Japan, but when the US market opens there will not be released news from the US. So for today we predict the price action from USD/JPY will move in a moderate volatility.

TODAY's TECHNICAL LEVELS:

Resistance 3: 100.03.

Resistance 2: 99.83.

Resistance 1: 99.64.

Support 1: 99.40.

Support 2: 99.21.

Support 3: 99.01.

DESCRIPTION:

Please pay attention to the levels of support 3 (99.01) and resistance 3 (100.03). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Best regards,

Arief Makmur

Official Analyst of InstaForex

InstaForex

https://instaforex.com

Email: Arief.jakarta@indo.instaforex.com

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

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