FX.co ★ USD/JPY Intraday Technical Level For June 8th /2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 80.41.

Resistance. 2 : 80.26.

Resistance. 1 : 80.10.

Support. 1 : 79.90.

Support. 2 : 79.74.

Support. 3 : 79.58.

SHORT DESCRIPTION :

If the Support. 3 Level at 79.58 and the Resistance. 3 Level at 80.41 is hit, usually the pair will take a reverse by at least 10 to 20 pips. However, if this level is broken by the pair at least 50 pips, it will indicate that the USD/JPY has found its tendency for today.