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Technical analysis of USD/JPY for November 19, 2014

!USDJPY.jpg

In Asia, Japan will release the Monetary Policy Statement and All Industries Activity m/m. Besides, the US economic calendar is full of important reports such as Building Permits, Housing Starts, Crude Oil Inventories, and FOMC Meeting Minutes. 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: 117.72.

Resistance. 2: 117.49.

Resistance. 1: 117.26.

Support. 1: 116.97.

Support. 2: 116.74.

Support. 3: 116.51.


The material has been provided by InstaForex Company - www.instaforex.com