USD/JPY intraday technical levels for November 7, 2013


Today Leading Indicators in Japan will be released and tonight when the US Market opens there will be issues some important news, US Advance GDP q/q. This economic indicator will be a clue for tomorrow US - Non Farm Payrolls economic data release.
TODAY's TECHNICAL LEVELS:
Resistance 3: 99.09.
Resistance 2: 98.85.
Resistance 1: 98.70.
Support 1: 98.47.
Support 2: 98.27.
Support 3: 98.08.

DESCRIPTION:
Please pay attention to the levels of support 3 (98.08) and resistance 3 (99.09). 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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