FX.co ★ USD/JPY Intraday Technical Level For September 7th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 77.83.

Resistance. 2 : 77.68.

Resistance. 1 : 77.52.

Support. 1 : 77.34.

Support. 2 : 77.18.

Support. 3 : 77.03.

DESCRIPTION :

Please note for the levels of support. 3 (77.03) and Resistance. 3 (77.83), generally when level2 is touched, the USD / JPY will turn around the direction opposite from the previous minimum of 10 to 20 pips, but if the levels are managed on a breakout over 50 pips then it would be a sign that these currencies have found trends on this day.