FX.co ★ USD/JPY Intraday Technical Support and Resistance For May 12nd / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 81.68.
Resistance. 2 : 81.52.
Resistance. 1 : 81.36.
Support. 1 : 81.16.
Support. 2 : 81.00.
Support. 3 : 80.84.

SHORT DESCRIPTION :

If the Support. 3 Level at the 80.84 and the Resistance. 3 Level at the 81.68 is hit, usually the pair takes a reverse by at least 10 to 20 pips. However, if this level can be broken by the pair at least 50 pips, it will indicate that the USD/JPY found its tendency for today.