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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For October 7, 2010

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Forex Analysis:::2010-10-07T09:52:10

USD/JPY Technical Analysis. Support And Resistance Levels For October 7, 2010

USD/JPY Technical Analysis. Support And Resistance Levels For October 7, 2010

Resistance. 3 : 83.36.

Resistance. 2 : 83.20.

Resistance. 1 : 83.03.

Support. 1 : 82.83.

Support. 2 : 82.67.

Support. 3 : 82.50.

US Dollar still in Bearish a situation especially against the yen. The reason is there is no clear sign that the decline in U.S. yields will soon stop because of worsening US economic data. This would burden the U.S. dollar currency; in the other side Yen rose against most major currency triggered by the prospect that the Japanese government will not intervene on the Forex market before the meeting of finance ministers and central bankers from the G-7 member countries, this weekend. However, please pay attention at the Support. 3 Level at 82.50; if this level going to be hit by this pair, there is a possibility for reversal up by 10 pips until 20 pips; but if this pair after hit this level and goes down to 82.05; it seems this pair will move downward.

Analyst InstaForex
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