USD/JPY Intraday Technical Level For September 12nd / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 77.92.

Resistance. 2 : 77.77.

Resistance. 1 : 77.61.

Support. 1 : 77.42.

Support. 2 : 77.27.

Support. 3 : 77.11.

DESCRIPTION :

Please mind the levels of support. 3 (77.11) and Resistance. 3 (77.92), generally when level2 is touched, the USD / JPY will reverse to the opposite direction from the previous minimum of 10 to 20 pips, but if the levels are managed on a breakout over 50 pips then it would be a sign that these currencies have found trends this day.