FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For July; 14th/2010

Yesterday, this pair twice hit the Support. 3 and as we know, the story is always the same again. This pair moved towards twice unto the Take Profit level (10 Pips to 20 Pips from the Support. 3) too. Usually how strong the Support. 3 and Resistance. 3 can hold the price at those levels. Anyway here is the important intraday trading level area for this pair for today:

Resistance. 3 : 89.32.

Resistance. 2 : 89.14.

Resistance. 1 : 88.97.

Support. 1 : 88.75.

Support. 2 : 88.58.

Support. 3 : 88.40.

Please, pay attention to Support. 3 and Resistance. 3 levels; usually when this pair hits these two levels, it will make this pair to bounce from 10 Pips to 20 Pips; but if after USD/JPY breaks those levels (Support. 3 or Resistance. 3) and still goes to 50 Pips from those levels (Support. 3 or Resistance. 3); this pair seems to continue its movement towards.

Here is the screenshot below: