FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For September 9, 2010

Here is intraday important trading levels for this pair today:

Resistance. 3 : 84.25.

Resistance. 2 : 84.09.

Resistance. 1 : 83.92.

Support. 1 : 83.71.

Support. 2 : 83.55.

Support. 3 : 83.38.

Suggestions:

Scalping from 10 pips to 20 pips near 184.47 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.

Quick View :

It seems Yen will continue strengthening ahead of the release the Federal Reserve's Beige Book which will describe the economic situation of 12 districts in America. Release of the Beige Book is also done before the policy meeting of the Federal Reserve (Fed) monetary policy will be reviewed September, 12. The strengthening Yen is also supported by the nation's current data-July account the outcome increase (surplus) 26%. These data confirm the yen as an investment alternative in the midst of a sluggish global economic growth, It seems Yen predicted will be still stronger the prior the state of fundamental conditions in America less supportive of measures U.S. dollar.