FX.co ★ USD/JPY Intraday Technical Levels for March 16, 2012

TODAY's TECHNICAL LEVEL :

Resistance. 3 : 83.96.

Resistance. 2 : 83.79.

Resistance. 1 : 83.63.

Support. 1 : 83.42.

Support. 2 : 83.26.

Support. 3 : 83.09.

DESCRIPTION :

Please, consider the support level 3 (83.09) and resistance level 3 (83.96). In general, when a level has been reached, the USD/JPY pair will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then this will indicate that these currencies have found trends for today.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group