USD/JPY Intraday Technical Levels for July 17, 2012

TODAY's   TECHNICAL   LEVELS:

Resistance. 3: 79.31.

Resistance. 2: 79.15.

Resistance. 1: 78.99.

Support. 1: 78.83.

Support. 2: 78.67.

Support. 3: 78.51.

 

DESCRIPTION:

Please, pay attention to the levels of support. 3 (78.51) and resistance. 3 (79.31), 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 of that these currencies have found trends today.
 

 

Best regards,


Performed by Ариф Макмур, Analytical expert
InstaForex Companies Group © 2007-2011

Arief Makmur
Arief Makmur
Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003.
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Types of Analysis: Technical analysis
Experience: 8 years
 Analytical Credo: If not broke; don't fix it !