The Governor of the Bank of Japan Shirakawa Maasaki plans to postpone the injection of 10 trillion yens into the banking sector of Japan on 6th to 7th September 2010, where due to the strengthening of the yen rate versus the US dollar caused the falling of the stock prices in Tokyo. Another influence on the pair have the earnings of the Vendor-Japanese exporters which are receiving the profit denominated in the US dollars.
Thus, here are the important intraday levels for today:
Resistance. 3 : 84.81.
Resistance. 2 : 84.65.
Resistance. 1 : 84.48.
Support. 1 : 84.27.
Support. 2 : 84.11.
Support. 3 : 83.94.
Suggestions:
Scalping from 10 pips to 20 pips near the Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change the position beforehand.