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FX.co ★ USD/JPY intraday technical levels for January 16, 2013

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Forex Analysis:::2013-01-16T05:50:40

USD/JPY intraday technical levels for January 16, 2013

USD/JPY intraday technical levels for January 16, 2013

TODAY's TECHNICAL LEVEL:

Resistance 3: 88.73.

Resistance 2: 88.56.

Resistance 1: 88.38.

Support 1: 88.16.

Support 2: 87.99.

Support 3: 87.81.

DESCRIPTION:

Please, pay attention to the levels of support 3 (87.81) and resistance 3 (88.73). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

Analyst InstaForex
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