FX.co ★ USD/JPY Intraday Technical Levels For August 23, 2011

TODAY'S TECHNICAL LEVELS:

Resistance. 3 : 77.17.

Resistance. 2 : 77.02.

Resistance. 1 : 76.87.

Support. 1 : 76.68.

Support. 2 : 76.52.

Support. 3 : 76.37.

SHORT DESCRIPTION :

If the Support. 3 Level at 76.37 and the Resistance. 3 Level at 77.17 are hit, the pair will take a reverse by at least 10 to 20 pips. However, if these levels are broken by the pair at least by 50 pips, it will indicate that the USD/JPY has found its tendency for today.