Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis: Intraday level for USD/JPY, Aug 30, 2018

August 30, 2018 Analytics

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In Asia, Japan will release the Retail Sales y/y and the US will release some Economic Data such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE PriceIndex 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: 112.21. Resistance. 2: 111.99. Resistance. 1: 111.77. Support. 1: 111.50. Support. 2: 111.29. Support. 3: 111.07.

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

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

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