FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For July; 23rd/2010

In early morning USD/JPY has already hit the Resistance. 3 twice (Cyan Circle) and has already bounced to downside between 10 pips to 20 pips twice (Red Circle) too before this pair's making a double top.

Now here is an important Intraday level area for USD/JPY today:

Resistance. 3 : 87.39.

Resistance. 2 : 87.22.

Resistance. 1 : 87.05.

Support. 1 : 86.83.

Support. 2 : 86.66.

Support. 3 : 86.49.

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.

The screenshot is below: