TODAY TECHNICAL LEVEL :
Resistance. 3 : 84.61.
Resistance. 2 : 84.44.
Resistance. 1 : 84.28.
Support. 1 : 84.07.
Support. 2 : 83.90.
Support. 3 : 83.73.
TODAY OUTLOOK :
It appears that the mark 84.50 has served as a strong resistance level for several days; today this pair is about to re-test the Support level 83.81 (Fibonacci Support 1.27%). In case the pair manages to break this level and close below it, it will target the USD/JPY to 83.62 (Fibonacci Support 1.618%). However if this pair manages to close above the mark 84.00 it will be targeted to 84.25. However, please pay attention to today’s Resistance. 3 and today Support. 3, usually after reaching this level the USD/JPY reverses between 10 pips to 20 pips, but if the pair after reaches one of these levels and still goes more than 50 pips in the chosen direction, then this will denote that the USD/JPY has found its tendency for today.
