USD/JPY Intraday Technical Level For July 22nd / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 79.08.

Resistance. 2 : 78.93.

Resistance. 1 : 78.77.

Support. 1 : 78.58.

Support. 2 : 78.43.

Support. 3 : 78.27.

SHORT DESCRIPTION :

If the Support. 3 Level at 78.27 and the Resistance. 3 Level at 79.08 are 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.