Technical analysis: Intraday level for USD/JPY, Aug 15, 2018

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim UnitLabor Costs q/q, Prelim Nonfarm Productivity q/q, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVEL: Resistance. 3: 111.96. Resistance. 2: 111.74. Resistance. 1: 111.52. Support. 1: 111.25. Support. 2: 111.03. Support. 3: 110.81. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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.The material has been provided by InstaForex Company - www.instaforex.com