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FX.co ★ USD/JPY Intraday Technical Support and Resistance For May 13rd / 2011

USD/JPY Intraday Technical Support and Resistance For May 13rd / 2011

USD/JPY Intraday Technical Support and Resistance For May 13rd / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 81.45.
Resistance. 2 : 81.29.
Resistance. 1 : 81.13.
Support. 1 : 80.93.
Support. 2 : 80.77.
Support. 3 : 80.61.

SHORT DESCRIPTION :

If the Support. 3 Level at the 80.61 and the Resistance. 3 Level at the 81.45 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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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