FX.co ★ USD/JPY Intraday Technical Level For July 21st / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 79.16.

Resistance. 2 : 79.00

Resistance. 1 : 78.55.

Support. 1 : 78.66.

Support. 2 : 78.50.

Support. 3 : 78.34.

SHORT DESCRIPTION :

If the Support. 3 Level at 78.34 and the Resistance. 3 Level at 79.16 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.