FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For September 28, 2010

Here is an intraday important trading level for this pair today :

Resistance. 3 : 84.68.

Resistance. 2 : 84.52.

Resistance. 1 : 84.35.

Support. 1 : 84.14.

Support. 2 : 83.98.

Support. 3 : 83.81.

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 positions beforehand.

Market Outlook :

The dollar closed at a week low against the yen before the US reports showed a decline in economic activity and consumer confidence. US Conference Board's consumer confidence index fell to 52.3 this month from 53.5 in August. The yen drops against other major currencies after commodity and global stocks drove up. Anyway, Japan requires additional budget to cope with the economic recovery that is still fragile. However, fiscal reform remains a top priority for the government to cope with slowing economic growth in Japan. Maybe that budget problems will be discussed in parliament this week. It seems Japan is still at risk of occurrence into a doubled recession.