TODAY's NEWS RELEASES:
1. Japan Monetary Policy Statement.
2. BOJ Press Conference.
TODAY's TECHNICAL LEVEL:
Resistance. 3 : 99.92.
Resistance. 2 : 99.73.
Resistance. 1 : 99.53.
Support. 1 : 99.29.
Support. 2 : 99.09.
Support. 3 : 99.89.
DESCRIPTION:
Please, pay attention to the levels of support 3 (99.89) and resistance 3 (99.92). Normally, when a level is touched, the 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,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
