USD/JPY Intraday Technical Level For July 8th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 81.67.

Resistance. 2 : 81.51.

Resistance. 1 : 81.35.

Support. 1 : 81.16.

Support. 2 : 81.00.

Support. 3 : 80.84.

SHORT DESCRIPTION :

If the Support. 3 Level at 80.84 and the Resistance. 3 Level at 81.67 is hit, usually the pair will take a reverse by at least 10 to 20 pips. However, if this level is broken by the pair at least 50 pips, it will indicate that the USD/JPY has found its tendency for today. Please pay attention for today, because the release of the US - Unemployment Rate & Non Farm Payrolls data by the US Government, Some traders ussually not trading this day from the one hour before and after those data release because some low / thin market and an unexpected volatility.