USD/JPY Intraday Technical Levels for March 20, 2012

TODAY's TECHNICAL LEVEL :

Resistance. 3 : 83.83.

Resistance. 2 : 83.66.

Resistance. 1 : 83.50.

Support. 1 : 83.29.

Support. 2 : 83.13.

Support. 3 : 82.96.

DESCRIPTION :

Please, pay attention to the support 3 (82.96) and resistance 3 (83.83) levels. In general, when a level has been reached, the USD/JPY pair will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found today's trends.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group