USD/JPY intraday technical levels for November 26, 2013





Today during the Asian session there will be news like CSPI y/y and the Monetary Policy Meeting Minutes released. And in the US trading session there will be some important news like the US Building Permits and US CB Consumer Confidence released, so there is a possibilities the price action of the USD/JPY will get their volatility in a moderate way at the US market session.

TODAY's TECHNICAL LEVELS:
Resistance. 3 : 101.99.
Resistance. 2 : 101.79.
Resistance. 1 : 101.59.
Support. 1 : 101.35.
Support. 2 : 101.15.
Support. 3 : 100.95.

DESCRIPTION:
Please, pay attention to the levels of support 3 (100.95) and resistance 3 (101.99). 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.


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