Today Technical Level :
Resistance. 3 : 82.14.
Resistance. 2 : 81.98.
Resistance. 1 : 81.81.
Support. 1 : 81.61.
Support. 2 : 81.45.
Support. 3 : 81.28.
Today Market Prediction :
After a breakout to the upside from the triangle formation yesterday, it seems the pair will try to reach 82.25 level before it goes to 82.50. Nevertheless, before that, "usually" the pair re-tests the 81.25 - 81.00 level first; if this pair after the re-test still goes down to the 80.24 level it means the upside movement of this pair ended. However, at first the USD/JPY will meet with today Support. 3 (81.28). Generally, after this level the pair reverses between 10 pips to 20 pips. Anyway, in case the level of 82.50 is not reached until tomorrow this will indicate the uprising movement for this pair finished, and before this pair goes to 82.25 it will face with today Resistance. 3 at 82.14. Usually, after hit this level the pair reverses to downside; but if this pair can break this level and moves to the 82.56 level this will indicate the strong momentum for the USD/JPY for today.
