FX.co ★ USD/JPY. Weekly and Monthly Pivot Points, For May 08-13, 2011

_____WEEKLY_____
Weekly - R3 = 84.08
Weekly - R2 = 83.45
Weekly - R1 = 82.32
Weekly Pivot = 81.69
Weekly - S1 = 80.56
Weekly - S2 = 79.93
Weekly - S3 = 78.80

_____MONTHLY______
Monthly - R3 = 88.63
Monthly - R2 = 87.09
Monthly - R1 = 84.14
Monthly Pivot = 82.60
Monthly - S1 = 79.65
Monthly - S2 = 78.11
Monthly - S3 = 75.16

REMEMBER ... THE WEEKLY PIVOT POINT S2 AND R2 LEVELS ARE VERY HARD TO BREAK.

Why? the majority of weeks, the market simply can not take much force as to extend outside the range of R2 and S2 weekly. However, traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.

Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.