USD/JPY Technical Analysis. Support And Resistance Levels For October 25, 2010

Resistance. 3 : 81.52.

Resistance. 2 : 81.36.

Resistance. 1 : 81.20.

Support. 1 : 81.00.

Support. 2 : 80.84.

Support. 3 : 80.68.

The USD/JPY has to break and close below 80.75 in order to confirm its downside movement. If today the pair breaches this level, it will move to 80.25 and in case the downtrend is strong, the USD/JPY will reach 80.00 level. However, today before the pair moves to this level, it will face a Support. 3 at 80.68 level. If the pair hits this level, it will cause the reverse of the currency up by approximately 10 pips to 20 pips, but if the USD/JPY after hit the Support. 3 still goes down to 80.24 level, this will indicate the downtrend for this pair. On the other hand, in case today the USD/JPY moves to the Resistance. 3 at 81.52 level, they is a possibility the pair reverse to downsides by approximately 10 pips to 20 pips. Nevertheless, if this pair after hit that level and still goes up until to 81.96, this will indicate the uprising movement for the USD/JPY; but the downside pressure for the USD/JPY is stronger than the upside.