FX.co ★ USD/JPY Intraday Technical Level For November 7th / 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 78.54.

Resistance. 2 : 78.39.

Resistance. 1 : 78.23.

Support. 1 : 78.05.

Support. 2 : 77.89.

Support. 3 : 77.73.

DESCRIPTION :

Please note for the levels of support. 3 (77.73) and Resistance. 3 (78.54), generally when a level is touched, the USD/JPY will turn around the opposite direction 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 today.