Supports and Resistances for June 20, 2007

Hi all,
Nice little correction in all the crosses but i guess it was not deep enough. It did not even reach the 23.6% fibo....so will have to see whether the correction becomes strong enough to reach the fibos or simply shoots up from their current points...Yesterday my call on EJ that strong resistance was there at 166 proved to be right as the pair corrected from there.Below are the supports and resistances for the JPY crosses for today:-

USDJPY - Important support at 123.30. If that is broken, next support is at 123.05 which is a very strong support and the final major support is at 122.65. On the topside, the resistance is at 123.70 and then at 123.90.

EURJPY - Important support at 165.65. If that is broken, next support is at 165.35 and the final major support is at 164.90. On the topside, the resistance is at 166.02 and then at 166.25.

GBPJPY - Important support at 244.90. If that is broken, next support is at 244.45 and the final major support is at 243.80. On the topside, the resistance is at 245.50 and then a major resistance at 246.00.

Happy Trading !!!