TODAY TECHNICAL LEVELS :
Resistance. 3 : 84.09.
Resistance. 2 : 83.93.
Resistance. 1 : 83.76.
Support. 1 : 83.56.
Support. 2 : 83.39.
Support. 3 : 83.22.
TODAY OUTLOOK :
The bias of this pair is still in a downtrend situation, however if today the USD/JPY can breakout and close below the 83.50, this will result in this pair going down to the 83.25 as a first target and the 83.00 as a second target; on the other hand, if this pair can breakout and close above the 83.75, this will cause the USD/JPY to go up to the mark 84.00 as a first target and the 84.25 as a second target. Nevertheless, please pay attention to today’s Resistance. 3 and today’s Support. 3, usually after reaching one of these levels the USD/JPY reverses between 10 pips to 20 pips. If the pair 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.
