Here is an important intraday trading level for this pair today :
Resistance. 3 : 86.16.
Resistance. 2 : 85.99.
Resistance. 1 : 85.82.
Support. 1 : 85.61.
Support. 2 : 85.45.
Support. 3 : 85.28.
Suggestions:
Scalping from 10 pips to 20 pips near 184.47 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 positions beforehand.
Market Outlook :
The first Japan's intervention in six years drag down the yen from 15-year high against the dollar and boosted the Nikkei more than 2 percent. On Wednesday, Japan used an estimated 1.8 trillion yenfor intervention in the global foreign exchange market. Last week, the Prime Minister Naoto Kan suggested further potential sales of the yen, but Japan has faced some criticism of the world ragrding its intervention. Japan's yen-selling intervention will probably be on the agenda when Prime Minister Naoto Kan meets with U.S. president Barack Obama in New York next week.