FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For September 30, 2010

Here is an intraday important level for this currency today :

Resistance. 3 : 84.10.

Resisatnce. 2 : 83.94.

Resistance. 1 : 83.77.

Support. 1 : 83.57.

Support. 2 : 83.41.

Support. 3 : 83.24.

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 :

Dollar weakened against the other currencies thus hitting exporter sectors in both Europe and Japan. It is expected this situation will continue. U.S. dollar fell against most major currencies, and the Dollar Index down 0,33 percent to 78,753 level. It seems that the dollar is under the pressure by the possibility that the Fed will add billions of U.S. dollars in their money market. Meanwhile in Asia, Bank of Japan is ready to intervene this caused the advance of the Japanese bonds to the highest levels in seven years.