FX.co ★ USD/JPY Technical Analysis. Support And Resistance Levels For December 15, 2010

Today Technical Level :

Resistance. 3 : 84.32.
Resistance. 2 : 84.15.
Resistance. 1 : 83.99.
Support. 1 : 83.78.
Support. 2 : 83.62.
Support. 3 : 83.45.

Today Outlook :

Today, the USD/JPY will be traded between the 83.75 level and the 84.00 level. A breakout and closing above the mark of 84.00 will allow this pair to rise to 84.25 as a first target and to 83.50 as a second target. In the other hand, if the USD/JPY breaks down and closes below 83.75 level, then the pair will probably reach 83.50 as a first target and 83.25 as a second target. However, please pay attention to today’s Resistance. 3 and today Support. 3, usually after reach this level the USD/JPY will reverse between 10 pips to 20 pips, but if the pair after reaches one of these levels and still goes more than 50 pips in the chosen direction, then this will denote that the USD/JPY has found its tendency for today.