FX.co ★ USD/JPY Intraday Technical Levels for January 4, 2012

TODAY's TECHNICAL LEVELS:

Resistance. 3 : 77.06.

Resistance. 2 : 77.91.

Resistance. 1 : 76.76.

Support. 1 : 76.57.

Support. 2 : 76.42.

Support. 3 : 76.26.

DESCRIPTION :

Please pay attention to support. 3 (76.26) and Resistance. 3 (77.06), generally when a level is touched, USD/JPY will turn into the opposite direction from the previous minimum of 10 to 20 pips, but if the levels manage to breakout over 50 pips then it can be a sign that these currencies have found trends today.