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Friday, May 20, 2011

USD/JPY Intraday Technical Support and Resistance for May 20, 2011

TODAYs  TECHNICAL  LEVELS:

Resistance. 3 : 82.12.
Resistance. 2 : 81.96.
Resistance. 1 : 81.80.
Support. 1 : 81.59.
Support. 2 : 81.43.
Support. 3 : 81.27.

SHORT  DESCRIPTION :

If the Support. 3 Level at 81.27 and the Resistance. 3 Level at 82.12 is hit, usually the pair will take a reverse by at least 10 to 20 pips. However, if this level is broken by the pair at least 50 pips, it will indicate that the USD/JPY has found its tendency for today.
http://instaforex.com/forex_analysis/29017/?x=OUE
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