FX.co ★ USD/JPY Intraday Technical Levels for August 7, 2012

TODAY's TECHNICAL LEVELS:

Resistance. 3: 78.62.

Resistance. 2: 78.47.

Resistance. 1: 78.31.

Support. 1: 78.12.

Support. 2: 77.91.

Support. 3: 77.81.

DESCRIPTION:

Please, pay attention to the levels of support. 3 (77.81) and resistance. 3 (78.62), in general, when a level is touched, USD/JPY will rebound from the previous minimum by10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.

Best regards,