USD/JPY Intraday Technical Levels for October 18, 2012

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.53.

Resistance 2: 79.38.

Resistance 1: 79.22

Support 1: 79.02.

Support 2: 78.87.

Support 3: 78.71.

DESCRITPION:

Please, pay attention to the levels of support 3 (78.71) and resistance 3 (79.53). 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 that these currencies have found trends today.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com