FX.co ★ USD/JPY Intraday Technical Level For August 16th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 77.23.

Resistance. 2 : 77.08.

Resistance. 1 : 76.93.

Support. 1 : 76.74.

Support. 2 : 76.59.

Support. 3 : 76.44.

SHORT DESCRIPTION :

If the Support. 3 Level at 76.44 and the Resistance. 3 Level at 77.23 are hit, usually the pair will take a reverse by at least 10 to 20 pips. However, if this level is broken by the pair at least 50 pips, it will indicate that the USD/JPY has found its tendency for today.