FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For September 14, 2010

Here is an important Intraday trading level area for this pair today:

Resistance. 3 : 83.78.

Resistance. 2 : 83.62.

Resistance. 1 : 83.46.

Support. 1 : 83.25.

Support. 2 : 83.09.

Support. 3 : 82.92.

Suggestions:
Scalping from 10 pips to 20 pips nearly 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 positions beforehand.

Market Outlook:

Dollar/Yen received little support from the bidding after it had weakened. But two currencies are still heavy because of the weak dollar as a whole. Yen surged to its highest level in 15 years versus the dollar due to speculation the Prime Minister Naoto Kan will defeat his rival in the election of Ichiro Ozawa's party today. Reduce the tendency of the news of government intervention versus the Yen. 16 yen also strengthened against major currencies after local stocks fell, increasing demand for safe assets.