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

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.20.

Resistance 2: 79.05.

Resistance 1: 78.89.

Support 1: 78.69.

Support 2: 78.54.

Support 3: 78.38.

DESCRIPTION:

Please, pay attention to the levels of support 3 (78.38) and resistance 3 (79.20). 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 that these currencies have found trends today.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail : Arief.jakarta@indo.instaforex.com