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

TODAY TECHNICAL LEVEL :

Resistance. 3 : 78.12.

Resistance. 2 : 77.97.

Resistance. 1 : 77.81.

Support. 1 : 77.62.

Support. 2 : 77.47.

Support. 3 : 77.31.

DESCRIPTION :

Please note for the levels of support. 3 (77.31) and Resistance. 3 (78.12), 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.