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Today Technical level :
Resistance. 3 : 83.55.
Resistance. 2 : 82.89.
Resistance. 1 : 83.22.
Support. 1 : 83.02.
Support. 2 : 82.85.
Support. 3 : 82.69.
Today Outlook :
After hit the mark 83.25 yesterday, it seems this currency could not continue its strengthening anymore and now the USD/JPY begins to move downwards again. Today, if the pair can easily broke through the level of 83.00 and closes below it, then the USD/JPY will set a new target at 82.75 before it moves to 82.00 in order to re-test. On the other hand, in case the USD/JPY can break out the mark 83.25 today, this pair will set a new target at 83.75 before it moves upside to the mark of 84.00. However, before this pair reaches all the target levels, it must face with today’s Resistance. 3 at 83.55, usually after hit this level, the USD/JPY turns to downside between 10 pips to 20 pips.
