FX.co ★ USD/JPY Technical Analysis. Support And Resistance Line For August; 16th/2010

Review:

The USA is now preparing for a big attack in the nearest time at Khandahar - Afghanistan, the purpose is to take a shortcut for stopping the war against terrorism because they think (the US government) that there will be stop the source of the problem for one cent for all. BUT the result is it makes this pair lose its strength in the end of the day, at least, for a temporary of the short period.

Technical Level:

Resistance. 3 : 86.26

Resistance. 2 : 86.09.

Resistance. 1 : 85.92.

Support. 1 : 85.71.

Support. 2 : 85.54.

Support. 3 : 85.37.

Suggestion:

Taking Scalp for 10 pips to 20 Pips nearly Support. 3 for BUY and Resistance. 3 for SELL; but please consider if this pair after the break Support. 3 or Resistance. 3 still goes to 47 pips - 50 pips it seems this pair will continue that movement, so please change the position before.

Fundamental News:

At early morning Japan has already released a few data such Tertiary Industry Activity m/m and Prelim GDP q/q at 06:50 WIB morning and Prelim GDP Price Index y/y at 06:52 WIB. After the US market opens there will be more data released at 19:30 WIB Empire State Manufacturing Index, at 20:00 WIB TIC Long-Term Purchases and at NAHB Housing Market Index at 21:00 WIB.