Translate

InstaForex broker
InstaForex broker

Tuesday, May 21, 2013

USD/JPY intraday technical levels for May 21, 2013


TODAY'S  TECHNICAL  LEVELS:

Resistance 3: 103.16.
Resistance 2: 102.96.
Resistance 1: 102.76.
Support 1: 102.51.
Support 2: 102.31.
Support 3: 102.11. 






















DESCRIPTION:

Please pay attention to the levels of support 3 (102.11) and resistance 3 (103.16). Normally, 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.  


Best regards,

Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
Yahoo Messenger and Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief