USD/JPY Intraday Technical Levels for July 19, 2012

TODAY's TECHNICAL LEVELS:

Resistance. 3: 79.08.

Resistance. 2: 78.92.

Resistance. 1: 78.77.

Support. 1: 78.58.

Support. 2: 78.42.

Support. 3: 78.26.

DESCRIPTION:

Please, pay attention to the levels of support. 3 (78.26) and resistance. 3 (79.08), in general, when a level is touched, USD/JPY 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 trends today.

Best regards,