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FX.co ★ Technical analysis of USD/JPY for February 19, 2015

Technical analysis of USD/JPY for February 19, 2015

Technical analysis of USD/JPY for February 19, 2015

In Asia, Japan will release the BOJ Monthly Report, All Industries Activity m/m, and Trade Balance. The US will also publish a number of economic reports such as Crude Oil Inventories, Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.16.

Resistance. 2: 118.93.

Resistance. 1: 118.70.

Support. 1: 118.41.

Support. 2: 118.18.

Support. 3: 117.94.

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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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