FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For October 6, 2010

Resistance. 3 : 83.62.

Resistance. 2 :83.46.

Resistance. 1 : 83.29.

Support. 1 : 83.09.

Support. 2 : 82.93.

Support. 3 : 82.76.

It seems the US Dollar will be under a pressure again.
Please be careful if the yen goes to the Support.3 level at 82.76, because if this level is hit there will be a potential reversal to upward between 10 pips to 20 pips. However, if this pair goes down to 82.31, then the yen will move down all day long. Nevertheless, if something happen and the American dollar strengthens against the yen and this pair goes up, please watch out of the Resistance. 3 Level at 83.62; if this level is breached the pair can reverse down 10 pips into 20 pips; but if this pair moves up after the Resistance. 3 level at 84.07 is hit; it means this pair will be still going up for today.