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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For August; 6th/2010

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Forex Analysis:::2010-08-06T12:00:00

USD/JPY Technical Analysis. Support And Resistance Line For August; 6th/2010

This day at 19:30 WIB (West Indonesian Time) the US Non Farm Payrolls report and Unemployment Rate Data are due to release; so please be ready for a choppy market and an unexpected high volatile movement during the data release. However here is an important intraday level area for this currency pair today:

Resistance. 3 : 86.33.

Resistance. 2 : 86.17.

Resistance. 1 : 86.00.

Support. 1 : 85.79.

Support. 2 : 85.62.

Support. 3 : 85.45.

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; 6th/2010

Analyst InstaForex
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