Today Technical Level :
Resistance. 3 : 83.86.
Resistance. 2 : 83.70.
Resistance. 1 : 83.53.
Support. 1 : 83.33.
Support. 2 : 83.17.
Support. 3 : 83.00.
Today Outlook :
At present the USD/JPY moves in a range of 83.25 – 83.75. However if today this pair can break this range to the downsides (bellow the 83.25), it will lead this currency pair to the level of 83.00 and in case the downside movement its strong then the pair probably will reach the level of 82.75. Nevertheless before this pair goes to that level, it must face with today Support. 3 (83.00). Usually after hit this level the USD/JPY reverses to up between 10 pips - 20 pips, but if after hit this level this pair is still going down to the level of 82.55 this will indicate that the Yen strengthen against the US Dollar today. On the other hand, if this pair can close above the mark of 83.75, then the pair will move to the level of 84.00; and if this tendency is strong enough, the mark 84.25 can be reached easily. However at first this pair will face with the Resistance. 3 at 83.86; usually after hit this level the USD/JPY reverses to the downside between 10 pips to 20 pips; but if after hit the Resistance. 3 level 83.86 this pair is still moving up to the level of 84.31, it will denote that the USD will strengthen against the Yen today.
