FX.co ★ USD/JPY Intraday Technical Level For July 14th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 79.04.

Resistance. 2 : 78.89.

Resistance. 1 : 78.73.

Support. 1 : 78.54.

Support. 2 : 78.39.

Support. 3 : 78.23.

SHORT DESCRIPTION :

If the Support. 3 Level at 78.23 and the Resistance. 3 Level at 79.04 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.