Resistance. 3 : 81.78.
Resistance. 2 : 81.62.
Resistance. 1 : 81.46.
Support. 1 : 81.26.
Support. 2 : 81.10.
Support. 3 : 80.94.
Yesterday, after the USD/JPY hit the Resistance. 3 (Oct 19) at 81.67; it reversed down again between 10 pips - 20 pips, having come in line with our forecast before yesterday. Anyway, the USD/JPY failed to break and close below the mark of 81.00; now we assume the USD/JPY has a new direction (Up Now) as yesterday this pair broke through the triangle form. After the breakout of the triangle formation yesterday, the USD/JPY had set a new target 81.75 as a target.1 (it is a Hesitation level) and 82.50 as a target. 2, this direction and targets will expire until tomorrow Thursday, Oct 21/2010 (The 3rd Day Rules). Today it seems the USD/JPY will test 81.00 level again, but please pay attention to the Support. 3 (80.94) if this pair can break through 81.00 level there is a possibility that this currency will reverse up between 10 pips to 20 pips; but if the USD/JPY after it breaks Support. 3 (80.94) still goes down to 80.50 level it seems the upward movement from this pair will be fail.