FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For June; 30th/2010.

Yesterday the yen became stronger against the US dollar; however we have found important Intraday Support & Resistance for this pair here:

Resistance. 3 : 88.94.

Resistance. 2 : 88.87.

Resistance. 1 : 88.59.

Support. 1 : 88.37.

Support. 2 : 88.20.

Support. 3 : 88.02.

Please pay attention to when the pair hits Support. 3 at 88.02 because it will cause this pair bounce approximately between 10 pips and 20 Pips, but if this Pair can break Support. 3 below 87.56 it seems this pair will continue its strengthening against USD; On the flip side, if this pair already hit Resistance. 3 usually this pair makes a bounce between 10 Pips and 20 Pips; but if this pair can break Resistance. 3 and go above 89.41, it seems the greenback will strengthen against the Yen.