FX.co ★ USD/JPY Intraday Technical Levels for August 8, 2012

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 78.94.

Resistance. 2: 78.78.

Resistance. 1: 78.63.

Support. 1: 78.44.

Support. 2: 78.28.

Support. 3: 78.13.

DESCRIPTION:

You should watch after the levels of support. 3 (78.13) and resistance. 3 (78.94), in general, when a level is touched, USD/JPY 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 of that these currencies have found trends today.

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