FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For October 11, 2010

Resistance. 3 : 82.44.

Resistance. 2 : 82.28.

Resistance. 1 : 82.12.

Support. 1 : 81.92.

Support. 2 : 81.76.

Support. 3 : 81.59.

It is forecasted that the US dollar will decline against the yen, since there are signs that the US Government will use the quantitative easing again. If the US dollar weakens to the Support. 3 at 81.59, then there is a possibility to take a few scalp trade at this Support. 3 level (81.59). We have a potential to take a profit between 10 pips to 20 pips. However, if this pair still goes down to 81.15 level after hit the Support. 3 (81.59), this indicates that the pair will move down further.