FX.co ★ USD/JPY Intraday Technical Level For July 7th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 81.36.

Resistance. 2 : 81.20.

Resistance. 1 : 81.04.

Support. 1 : 80.84.

Support. 2 : 80.68.

Support. 3 : 80.52.

SHORT DESCRIPTION :

If the Support. 3 Level at 80.52 and the Resistance. 3 Level at 81.36 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.