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Tuesday, March 20, 2012

USD/JPY Intraday Technical Levels for March 20, 2012


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TODAY's TECHNICAL LEVEL :

Resistance. 3 : 83.83.
Resistance. 2 : 83.66.
Resistance. 1 : 83.50.
Support. 1 : 83.29.
Support. 2 : 83.13.
Support. 3 : 82.96.

DESCRIPTION :

Please, pay attention to the support 3 (82.96) and resistance 3 (83.83) levels. In general, when a level has been reached, the USD/JPY pair 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 today's trends.
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