Today the US Unemployment Rates and Non Farm Payrolls data will be released; the delay of publications is caused by the U.S. Government shutdown for over 2 weeks. As we have seen since yesterday the price action is not significant, it moves slowly; for today we must be still cautious, because until the news release, the price action of this pair would be moving in a range amid choppy situation; suggestion for today: do not open trades in one hour after the economic realeses; if you have an open position from the previous day or the previous week, you better tight your stop.
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 98.74.
Resistance. 2 : 98.55.
Resistance. 1 : 98.36.
Support. 1 : 98.12.
Support. 2 : 97.92.
Support. 3 : 97.73.
DESCRIPTION:
Please, pay attention to the levels of support 3 (97.73) and resistance 3 (98.74). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
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