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

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.21.

Resistance 2: 79.06

Resistance 1: 78.90.

Support 1: 78.71.

Support 2: 78.56.

Support 3: 78.40.

DESCRIPTION:

Please pay attention to the levels of support 3 (78.40) and resistance 3 (79.21). 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