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12-16-2011, 05:44 AM #1
USD/JPY Intraday Technical Level For December 16th / 2011
TODAY TECHNICAL LEVEL :
Resistance. 3 : 78.28.
Resistance. 2 : 78.13.
Resistance. 1 : 77.97.
Support. 1 : 77.78.
Support. 2 : 77.63.
Support. 3 : 77.47.
DESCRIPTION :
Please note for the levels of support. 3 (77.47) and Resistance. 3 (78.28), generally when a level is touched, the USD/JPY will turn around the opposite direction from the previous minimum of 10 to 20 pips, but if the levels are managed on a breakout over 50 pips then it would be a sign that these currencies have found trends today.
The material has been provided by Instaforex Company - instaforex.com
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