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Friday, May 31, 2013

USD/JPY intraday technical levels for May 31, 2013



TODAY'S  TECHNICAL  LEVELS:

Resistance 3: 101.62.
Resistance 2: 101.42.
Resistance 1: 101.23.
Support 1: 100.98.
Support 2: 100.78.
Support 3: 100.58.

DESCRIPTION:

Please pay attention to the levels of support 3 (100.58) and resistance
3 (101.62). 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