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Friday, October 4, 2013

USD/JPY intraday technical levels for October 04, 2013


TODAY's  TECHNICAL  LEVELS: Resistance. 3 : 97.64. Resistance. 2 : 97.45. Resistance. 1 : 97.26. Support. 1    : 97.02. Support. 2    : 96.83. Support. 3    : 96.63.    DESCRIPTION: Please, pay attention to the levels of support 3 (96.63) and resistance 3 (97.64). 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.