USD/JPY Intraday Technical Levels for August 16, 2012

 

Today’s Technical Level:
Resistance 3: 79.51.
Resistance 2: 79.36.
Resistance 1: 79.20
Support 1: 79.00.
Support 2: 78.85.
Support 3: 78.69.

Description:
Please, pay attention to the levels of support 3 (78.69) and resistance 3 (79.51). In general, when a level is touched, USD/JPY will rebound from the previous minimum by10 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
http://instaforex.com
Email : Arief.ifx.jakarta@gmail.com


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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Analyst Portfolio
Types of Analysis: Technical analysis
Experience: 8 years
 Analytical Credo: If not broke; don't fix it !