FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For October 27, 2010

Resistance. 3 : 82.01.
Resistance. 2 : 81.85.
Resistance. 1 : 81.69.
Support. 1 : 81.49.
Support. 2 : 81.33.
Support. 3 : 81.17.

Yesterday, the USD/JPY pair broke through the level of 81.25 and hit the target. 1 at 81.75 level. Today it seems the USD/JPY will re-test 81.25 and 81.00 levels before it will go back to the original direction at the target. 2 (82.25) and this must be done for at least until tomorrow. If the pair cannot reach the target. 2 tomorrow this will indicate that the upside movement is lost by the USD/JPY and it will move sideways. However, if today this pair reaches the target. 2 the USD/JPY will face the today Resistance. 3 at 82.01. Usually the USD/JPY after hit the Resistance.3 reverses downsides between 10 pips to 20 pips. Anyway, in case today the USD/JPY goes down and tests 81.25 and 81.00 levels it will move to Support. 3 level at 81.17. As a rule, in this case the USD/JPY reverses up between 10 pips to 20 pips.