FX.co ★ USD/JPY Intraday Technical Levels for July 18, 2012

TODAY's TECHNICAL LEVELS:

Resistance. 3: 79.49.

Resistance. 2: 79.33.

Resistance. 1: 78.18.

Support. 1: 78.98.

Support. 2: 78.83.

Support. 3: 78.67.

DESCRIPTION:

Please, pay attention to the levels of support. 3 (78.67) and resistance. 3 (79.49), in general, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.

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