FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For November 02, 2010

Resistance. 3 : 81.07
Resistance. 2 : 80.92.
Resistance. 1 : 80.77.
Support. 1 : 80.58.
Support. 2 : 80.43.
Support. 3 : 80.28.

Today the USD/JPY must reach the level of 80.00, otherwise the Bearish momentum for this pair will be lost and the pair will be trapped between 80.75 to 80.25 level areas. If today the USD/JPY can reach the level of 80.25, then the pair probably will move to 80.00; but before it reaches that level, this pair will face today Support. 3 at 80.28. Usually, if the USD/JPY hits the Support. 3 it reverses up approximately between 10 pips to 20 pips. On the other hand, in case today this pair can move upward to the Resistance. 3 (81.07), then the USD/JPY will reverse approximately between 10 pips to 20 pips.