FX.co ★ USD/JPY Intraday Technical Levels for August 17, 2012

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 79.75.

Resistance. 2: 79.59.

Resistance. 1: 79.43.

Support. 1: 79.24.

Support. 2: 79.08.

Support. 3: 78.92.

DESCRIPTION:

One should pay attention to the levels of support. 3 (78.92) and resistance. 3 (79.75).

Actually, when a level is hit, 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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