FX.co ★ USD/JPY Intraday Technical Level For September 8th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 77.73.

Resistance. 2 : 77.58.

Resistance. 1 : 77.42.

Support. 1 : 77.24.

Support. 2 : 77.08.

Support. 3 : 76.93.

DESCRIPTION :

Please note for the levels of support. 3 (76.93) and Resistance. 3 (77.73), generally when level2 is touched, the USD / JPY will turn around the direction opposite from the previous minimum of 10 to 20 pips, but if the levels are managed on a breakout over 50 pips then it would be a sign that these currencies have found trends on this day.