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Instaforex Analysis

IFX Gertrude

Broker Representative
USD/JPY Intraday Technical Levels for October 08, 2012

UJ_08-10-2012.jpg

TODAY's TECHNICAL LEVELS:

Resistance 3: 79.08.

Resistance 2: 78.92.

Resistance 1: 78.77.

Support 1: 78.58.

Support 2: 78.43.

Support 3: 78.27.


DESCRIPTION:

Please, pay attention to the levels of support 3 (78.27) and resistance 3 (79.08), 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 that these currencies have found trends today.

More analysis - at instaforex.com
 
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