Tuesday, January 18, 2011

USD/JPY Technical Analysis | Support & Resistance | 18 January 2011

USD/JPY Technical Analysis | Support & Resistance | 18 January 2011

TODAY TECHNICAL LEVEL :

Resistance. 3 : 83.01
Resistance. 2 : 82.85
Resistance. 1 : 82.69
Support. 1 : 82.48
Support. 2 : 82.32
Support. 3 : 82.16

TODAY OUTLOOK :

Today after market opening in the early morning this pair started trading in the range between 82.50 and 82.75. Anyway, this pair wants to re-test the 82.40 level; if the USD/JPY can break out and close below that level, it will cause this pair to go down to 82.15 (Fibonacci Support 61.8%) as the first target and 81.74 as the second target. Read more