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FX.co ★ USD/JPY Intraday Technical Levels for August 16, 2012

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Forex Analysis:::2012-08-16T06:58:35

USD/JPY Intraday Technical Levels for August 16, 2012

USD/JPY Intraday Technical Levels for August 16, 2012

Today’s Technical Level:
Resistance 3: 79.51.
Resistance 2: 79.36.
Resistance 1: 79.20
Support 1: 79.00.
Support 2: 78.85.
Support 3: 78.69.

Description:
Please, pay attention to the levels of support 3 (78.69) and resistance 3 (79.51). In general, when a level is touched, USD/JPY will rebound from the previous minimum by10 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.ifx.jakarta@gmail.com

Analyst InstaForex
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