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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For November 23, 2010

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Forex Analysis:::2010-11-23T09:14:38

USD/JPY Technical Analysis. Support And Resistance Levels For November 23, 2010

USD/JPY Technical Analysis. Support And Resistance Levels For November 23, 2010

Today Technical level's :

Resistance. 3 : 83.79.
Resistance. 2 : 83.62.
Resistance. 1 : 83.46.
Support. 1 : 83.26.
Support. 2 : 83.09.
Support. 3 : 82.92.

Today Outlook :

The USD/JPY pair will try to break through the level of 83.75 today. If the pair strengthens above this level then the mark of 84.00 will be the next target for movement of the USD/JPY today. In case the upsides movement is strong enough, then the level of 84.25 will be a next target for today. But please pay attention to today’s Resistance. 3 at 83.79, usually after this level is hit this pair reverses to the downside between 10 pips to 20 pips. However, if today this pair still is moving upwards to the level of 84.23 after Resistance. 3, then and it will indicate the Bullish situation for this pair. On the other hand, if the USD/JPY moves down again and breaks through the mark of 83.25 then the pair may reach the level of 83.00 again.

Analyst InstaForex
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