Tuesday, January 25, 2011

USD/JPY | Technical Analysis | Support & Resistance | 25 January 2011

USD/JPY | Technical Analysis | Support & Resistance | 25 January 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 82.81
Resistance. 2 : 82.65
Resistance. 1 : 82.48
Support. 1 : 82.28
Support. 2 : 82.11
Support. 3 : 81.95

TODAY OUTLOOK :

After this pair got into a Bearish situation yesterday, it started retracing to test the Fibonacci Resistance 50% at the 82.60 level, now the critical level is at 82.25. However, please pay attention to today’s Resistance. 3 and today’s Support. 3, usually after reaching one of these levels the USD/JPY reverses between 10 pips to 20 pips. Read more