USD/JPY intraday technical levels for May 16, 2013
TODAY'S TECHNICAL LEVELS:
Resistance 3: 102.61.
Resistance 2: 102.41.
Resistance 1: 102.21.
Support 1: 101.96.
Support 2: 101.76.
Support 3: 101.56.
DESCRIPTION:
Please pay attention to the levels of support 3 (101.56) and resistance 3 (102.61).
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.
Yahoo Messenger and Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
