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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For August; 3rd/2010

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Forex Analysis:::2010-08-03T12:00:00

USD/JPY Technical Analysis. Support And Resistance Line For August; 3rd/2010

There were no significant moves of this pair yesterday. Here is an important intraday level area for USD/JPY today:

Resistance. 3 : 86.92.

Resistance. 2 : 86.75.

Resistance. 1 : 86.58.

Support. 1 : 86.37.

Support. 2 : 86.20.

Support. 3 : 86.03.

Please, pay attention to Support. 3 and Resistance. 3 levels; usually when this pair hits these two levels, it will make this pair 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 August; 3rd/2010

Analyst InstaForex
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