FX.co ★ USD/JPY Technical Analysis for February 4, 2011

TODAY TECHNICAL LEVEL:

Resistance. 3 : 81.98.
Resistance. 2 : 81.82
Resistance. 1 : 81.66.
Support. 1 : 81.46
Support. 2 : 81.30.
Support. 3 : 81.13.

TODAY OUTLOOK:

As we know, today US goverment will be releasing two pieces of important data: Unemployment Rate and Non Farm Payrolls; so we expect this pair will be drained of volatility during pre-US data release; eventually in Asian session the USD/JPY was trading between 81.50 and 81.75.

TODAY RECOMMENDATION:

No Recommendation for today during the US. Non Farm Payrolls & Unemployment Rate Data release.