Today Technical Levels:
Resistance. 3 : 84.56.
Resistance. 2 : 84.39.
Resistance. 1 : 84.23.
Support. 1 : 84.02.
Support. 2 : 83.86.
Support. 3 : 83.69.
Today Outlook:
At present the USD/JPY is traded in a range from 83.43 to 84.41. Today the pair is still biased within the uptrend channel. However if today the USD/JPY can break out the 84.25 level then the pair will reach the mark of 84.41; but if this pair beaks down and closes below the 84.00 level then the USD/JPY will probably reach the 83.75 level. Please pay attention to today’s Resistance. 3 and Support. 3, usually after the USD/JPY reaches these levels, it reverses by 10 pips to 20 pips. But, in case the pair breaks the today’s Resistance. 3 or Support. 3 and still goes on its way by 50 pips, it will indicate that pair has already found its trend.
