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Wednesday, May 22, 2013

USD/JPY intraday technical levels for May 22, 2013



TODAY'S  TECHNICAL  LEVELS:


Resistance 3: 103.11.
Resistance 2: 102.91.
Resistance 1: 102.71.
Support 1: 102.45.
Support 2: 102.25.
Support 3: 102.05.

DESCRIPTION:

Please pay attention to the levels of support 3 (102.05) and resistance 3 (103.11).
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.