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

TODAY's TECHNICAL LEVEL :

Resistance. 3 : 81.33.

Resistance. 2 : 81.17.

Resistance. 1 : 81.01.

Support. 1 : 80.81.

Support. 2 : 80.65.

Support. 3 : 80.49.

DESCRIPTION :

Please, pay attention to the support 3 (80.49) and resistance 3 (81.33) levels. In general, when a 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 it will be a sign that these currencies have found today's trends.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group