FX.co ★ USD/JPY Intraday Technical Levels for November 28, 2013

We predict today the USD/JPY will move from slow to moderate because a few news will be released, during the Asian sesion there is only one news release from Japan: Retail Sales y/y, and the US market is closed for the Thanksgiving holiday.

TODAY's TECHNICAL LEVEL:

Resistance. 3 : 102.58.

Resistance. 2 : 102.38.

Resistance. 1 : 102.18.

Support. 1 : 101.93.

Support. 2 : 101.73.

Support. 3 : 101.53.

DESCRIPTION:

Please, pay attention to the levels of support 3 (101.53) and resistance 3 (102.58). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

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