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FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For April 21 / 2011

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Forex Analysis:::2011-04-21T07:36:13

USD/JPY Technical Analysis. Support And Resistance Levels For April 21 / 2011

USD/JPY Technical Analysis. Support And Resistance Levels For April 21 / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 82.75.
Resistance. 2 : 82.59.
Resistance. 1 : 82.42.
Support. 1 : 82.22.
Support. 2 : 82.06.
Support. 3 : 81.89.

TODAY OUTLOOK :

The downside movement of the pair is still in advance, now the Support. 1 at 82.22 is left to be tested by this pair. However, pay attention for the today's Resistance. 3 usually after reaching these level the pair will be reverses between 10 pips to the 20 pips but if the pair after reaches these levels and still goes up more than 50 pips in, this will denote that the USD/JPY will be going up again.

TODAY RECOMENDATION :

BUY if the USD/JPY can break out and close above the 82.59 (Intraday Resistance. 2) and set the first target at the 82.75 level (Intraday Resistance .3) and the 82.91 level as the second target.

SELL if the USD/JPY can break out and close below the 82.18 level and set the first target at the mark 82.00 and the second target at 81.89 (Intraday Support. 3).

Analyst InstaForex
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