Today Technical Level :
Resistance. 3 : 83.29.
Resistance. 2 : 83.13.
Resistance. 1 : 82.97.
Support. 1 : 82.76.
Support. 2 : 82.60.
Support. 3 : 82.43.
Today Outlook :
The USD/JPY is now traded in a range between the levels of 83.00 and 82.75. A breakout above the mark 83.00 will allow the pair to move upwards to the 83.25 level as a first target and 83.50 as a second target. On the other hand, if the pair breaks down the mark of 82.75, then the USD/JPY will go to the mark of 82.50 as a first target and to 82.25 as a second target. However, if we have a look at the fundamental data that will be released today, especially at data from the USA, then we will see there is no important information that will support the significant movement of this pair. Nevertheless, please pay attention to today’s Resistance. 3 and Support. 3 usually if this pair reaches these levels then the USD/JPY reverses between 10 pips to 20 pips. Otherwise, if this pair can break out these levels and moves by more than 50 pips it will indicate that the pair has already get its momentum for today.
