USD/JPY Technical Analysis. Support And Resistance Levels For September 21, 2010

Here is an intraday important trading level for this pair today :

Resistance. 3 : 86.07.

Resistance. 2 : 85.90.

Resistance. 1 : 85.73.

Support. 1 : 85.52.

Support. 2 : 85.35.

Support. 3 : 85.18.

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 dollar continues to rise against the yen. Fears connected with the interventions of the Bank of Japan are strong enouch to decrease market volatility, the speculators do not stake on buying back the yen amid an effort to maintain the rate of deflation.