USD/JPY Intraday Technical Levels for August 17, 2012

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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.

  

Best regards,

Arief Makmur is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Performed by Analytical expert: Arief Makmur
InstaForex Group © 2007-2013

 Published: 2012-08-17 06:02:36 UTC+00 9 months, 1 day, 11 hours, 31 min. ago

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