Today Technical Levels :
Resistance. 3 : 83.65.
Resistance. 2 : 83.48.
Resistance. 1 : 83.32.
Support. 1 : 83.11.
Support. 2 : 82.95.
Support. 3 : 82.78.
Today Outlook :
For today, the USD/JPY is at the crossways; if it wants to continue the Bullish Movement then this pair must break out and close above the level of 83.75, in case of this situation the pair will move upside to the mark of 84.00 and the next target will be the level of 84.25. But before this situation happens, this pair must face with the today’s Resistance. 3 (83.56), usually after hit this level the USD/JPY reverses to down between 10 pips to 20 pips. However, if after hit this level this pair is still going up to the mark of 84.09 this will confirm the Bullish movement is still presented. But I prefer the second scenario; the USD/JPY will go down below the level of 83.25 and reach its next target at 83.00. If this pair has a strong momentum for downside movement, the mark of 82.75 will be reach and the next target will be the level of 82.50. Nevertheless, before this pair goes to that the level, the USD/JPY will meet with today’s Support. 3 (82.78). Usually after hit this level this pair reverse to up between 10 pips to 20 pips, but if after hit today Support. 3 the USD/JPY pair is still going down to the mark of 82.34, this will indicate the Downtrend is strong today.
