Today Technical Level:
Resistance. 3 : 84.25.
Resistance. 2 : 84.09.
Resistance. 1 : 83.92.
Support. 1 : 83.72.
Support. 2 : 83.56.
Support. 3 : 83.39.
Today Outlook:
Today the USD will probably strengthen against the Yen. It seems the pair will try to reach and break out above the 84.25 level. In case the 84.25 level is passed then the pair probably will approach to the level of 84.50. On the other hand, if this pair breaks down and closes below the 84.00 level; then the 83.75 level will be the first target and the 83.50 level will be a second target for movement. Nonetheless, please pay attention to today’s Resistance. 3 and Support. 3 levels; usually after hit one of these levels the USD/JPY reverses by 10 pips to 20 pips. If the pair reaches one of these levels and still goes in the chosen direction, then this will denote that the USD/JPY has found its tendency for today.
