FX.co ★ USD/JPY Intraday Technical Level For July 1st / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 81.24.

Resistance. 2 : 81.08.

Resistance. 1 : 80.92.

Support. 1 : 80.72.

Support. 2 : 80.56.

Support. 3 : 80.40.

SHORT DESCRIPTION :

If the Support. 3 Level at 80.40 and the Resistance. 3 Level at 81.24 are 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.