USD/JPY Intraday Technical Levels for November 29, 2013




The USD/JPY seems to move in slow to moderate volatility during the Asian session but will move in a slow condition in the US market as long as there is no intervention from the "big player" during the quite US market session because many of the market participant from the US and Canada take their long holiday weekend because of the Thanksgiving Day's celebration. At the Asian market session from Japan will release some news like Manufacturing PMI, Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, and Housing Starts y/y.

TODAY's TECHNICAL LEVEL :
Resistance. 3 : 103.05.
Resistance. 2 : 102.85.
Resistance. 1 : 102.65.
Support. 1 : 102.40.
Support. 2 : 102.20.
Support. 3 : 102.00.

DESCRIPTION :
Please, pay attention to the levels of support 3 (102.00) and resistance 3 (103.05). 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 will be a sign that these currencies have found trends today.

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