Technical analysis: Intraday levels for USD/JPY, January 08, 2019

In Asia, Japan will release the Consumer Confidence survey and 10-y Bond Auction. The US will release some Economic Data such as Consumer Credit m/m, JOLTS Job Openings, Trade Balance, and NFIB Small Business Index. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance 3: 109.21 Resistance 2: 109.00 Resistance 1: 108.79 Support 1: 108.51 Support 2: 108.30 Support 3: 108.09 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.

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