USD/JPY Technical Analysis. Support And Resistance Line For July; 9th/2010.

Yesterday, after this pair hit the Resistance. 3 at 88.52, this pair already bounced downwards between 10 pips to 20 pips before it would move up again. So now, this Support.3 and Resistance.3 are very significant levels for USD/JPY, because when they are hit, we can take some benefit by taking countertrend trading to scalp for a few pips with this pair; by the way for this day an important level trading area for this pair is:

Resistance. 3 : 88.99.

Resistance. 2 : 88.82.

Resistance. 1 : 88.64.

Support. 1 : 88.42.

Support. 2 : 88.25.

Support. 3 : 88.07.

Please, pay attention to Support. 3 and Resistance. 3 levels; usually when this pair hits these two levels, it will make this pair bounces from 10 Pips to 20 Pips; but if after USD/JPY breaks those levels (Support. 3 or Resistance. 3) and still goes to 50 Pips from those levels (Support. 3 or Resistance. 3); this pair seems to continue its movement towards.

Here's the screenshot below: