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FX.co ★ Technical analysis of USD/JPY for August 20, 2014

Technical analysis of USD/JPY for August 20, 2014

Technical analysis of USD/JPY for August 20, 2014
In Asia, Japan will release its Trade Balance data and All Industries Activity m/m. Meanwhile, the US will release some economic data such as Crude Oil Inventories and FOMC Meeting Minutes. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

Today's technical levels:

Resistance. 3: 103.50.
Resistance. 2: 103.30.
Resistance. 1: 103.09.
Support. 1: 102.85.
Support. 2: 102.64.
Support. 3: 102.24.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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