FX.co ★ USD/JPY Intraday Technical Level for July 29th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 78.19.

Resistance. 2 : 78.04.

Resistance. 1 : 77.88.

Support. 1 : 77.69.

Support. 2 : 77.54.

Support. 3 : 77.38.

SHORT DESCRIPTION :

If the Support. 3 Level at 77.38 and the Resistance. 3 Level at 78.19 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.