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InstaForex broker

Friday, May 3, 2013

USD/JPY intraday technical levels for May 03, 2013


TODAY's  TECHNICAL  LEVELS :
Resistance. 3 : 98.52.
Resistance. 2 : 98.33.
Resistance. 1 : 98.13.
Support. 1    : 97.90.
Support. 2    : 97.71.
Support. 3    : 97.51.







DESCRIPTION:
Please pay attention to the levels of support 3 (97.51) and resistance 3 (98.52). Normally, when a level is touched, the USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, it will be a sign that these currencies have found trends today.   
Best regards,