FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For October 12, 2010

Intraday level area :

Resistance. 3 : 82.61.

Resistance. 2 : 82.45.

Resistance. 1 : 82.28.

Support. 1 : 82.08.

Support. 2 : 81.92.

Support. 3 : 81.75.

It seems that the USD/JPY is traded with the bias to the downside. However, if this pair breaks through and closes bellow 81.32 (Fibonacci Support 38.2%), then there is a possibility that the pair will move to Support.3 level area at 81.75. After the pair hits this area, it can go up approximately by 10 or 20 pips, but if the USD/JPY moves down then it will reach Fibonacci Support 23.6% area with the targets to 81.65 and 81.50.