FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For September 2, 2010

During the trading session in the second half of the day USD/JPY was strengthening against the US dollar, but after the closing of the market in London, the currency pair hit the Support. 3 and thereafter it unexpectedly firmed versus the US dollar and touched the profit target 10 pips to 20 pips.

The important intraday trading levels for today are:

Resistance. 3 : 84.78

Resistance. 2 : 84.61.

Resistance. 1 : 84.45.

Support. 1 : 84.24.

Support. 2 : 84.07.

Support. 3 : 83.90.

Suggestions:

Scalping from 10 pips to 20 pips near the Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change the position beforehand.