FX.co ★ USD/JPY Intraday Technical Level For July 12nd / 2011

TODAY TECNICAL LEVEL :

Resistance. 3 : 80.64.

Resistance. 2 : 80.48.

Resistance. 1 : 80.32.

Support. 1 : 80.12.

Support. 2 : 79.96.

Support. 3 : 79.80.

SHORT DESCRIPTION :

If the Support. 3 Level at 79.80 and the Resistance. 3 Level at 80.64 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.