USD/JPY Feb 10 / 2012
TODAY’s TECHNICAL LEVEL :
Resistance. 3 : 77.99.
Resistance. 2 : 77.84.
Resistance. 1 : 77.68.
Support. 1 : 77.49.
Support. 2 : 77.34.
Support. 3 : 77.18.
DESCRIPTION :
Please, pay attention to the levels of support. 3 (77.18) and resistance. 3 (77.99), in general, when a level is touched, USD/JPY will rebound from the previous minimum by10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign of that these currencies have found trends today.
EUR/USD Feb 10 / 2012
TODAY’s TECHNICAL LEVEL :
Breakout BUY Level : 1.3349.
Strong Resistance : 1.3340.
Original Resistance : 1.3330.
Inner Sell Area : 1.3319.
Target Inner Area : 1.3286.
Inner Buy Area : 1.3254.
Original Support : 1.3243.
Strong Support : 1.3232.
Breakout SELL Level : 1.3224.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.3243 and 1.3330 and is accompanied by strong support at 1.3232 and by 1.3340 as strong resistance.
If EUR/USD breaks out and closes below a 1.3224-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.3349-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.3254, and at 1.3319– a SELL position, in this case both targets should be located at the level of 1.3286.
