Technical Analysis – 3rd March, 2015 | Vantage FX

Technical Analysis – 3rd March, 2015

March 3, 2015

Tuesday 3rd, March 2015

 

Intraday Support & Resistance Levels

 

Technical Indicator Signals

 

Currency Pair Spotlight

USDJPY: The Dollar Yen rose above the 120 mark as participants again increased their speculations on further easing coming from the Bank of Japan. Japanese economist Yuji Shimanaka, who successfully predicted BOJ’s easing in last October, warned that BOJ may surprise the market again in April as inflation level falls to zero. A confirmed breakout of the 3-month consolidation wedge will imply a significant rise of USDJPY. Former highs of 120.50 will be watched.

For a full market wrap up, see Anthony’s Daily Forex Market Report.

 

Today’s Key Economic Calendar Events

For the full week’s outlook of events, please see our Economic Calendar

 

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