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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For July; 27th/2010

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Forex Analysis:::2010-07-27T12:00:00

USD/JPY Technical Analysis. Support And Resistance Line For July; 27th/2010

Yesterday the Yen got strength against the US dollar. Now here is an important trading level area for this pair today:

Resistance. 3 : 87.03

Resistance. 2 : 86.94.

Resistance. 1 : 86.84.

Support. 1 : 86.72.

Support. 2 : 86.62.

Support. 3 : 86.52.

Please, pay attention to Support. 3 and Resistance. 3 levels; usually when this pair hit these two levels, it will make this pair to bounce from 10 Pips to 20 Pips; but if after USD/JPY breaks those levels (Support. 3 or Resistance. 3) and still goes to 50 Pips from those levels (Support. 3 or Resistance. 3); this pair seems to continue its movement towards.

The screenshot is below:

USD/JPY Technical Analysis. Support And Resistance Line For July; 27th/2010

Analyst InstaForex
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