Today Technical Level :
Resistance. 3 : 83.80.
Resistance. 2 : 83.63.
Resistance. 1 : 83.47.
Support. 1 : 83.27.
Support. 2 : 83.11.
Support. 3 : 82.94.
Today Outlook :
Almost two days the USD/JPY has been testing the mark 83.50 and it seems this level acts as a strong Resistance for the USD/JPY. If today the level of 83.50 is easily broken out, this currency has a potential movement to the next level at 83.75 before it moves up to the level of 84.00. Before this pair goes to that level, it must face with today Resistance. 3 at 83.80. Usually if the USD/JPY hit the Resistance. 3, this pair will reverse downside between 10 pips to 20 pips. In case this pair after a breakout of the Resistance. 3 still ascends to the mark of 84.25, this will indicate that the pair has an upward tendency for today. Otherwise, if today the USD/JPY breaks out and closes bellow 82.25, it will denote that the pair declines to 83.00. In case the downside momentum is strong enough, please pay attention to today’s Support.3 at 82.94. Usually the USD/JPY will reverse to up between 10 pips to 20 pips after hit the Support. 3, but if after hit the Support. 3 this pair is still going down to the 82.49 level, this will indicate that the USD/JPY downside trend is strong today.
