TODAY TECHNICAL LEVEL :
Resistance. 3 : 84.23.
Resistance. 2 : 84.06.
Resistance. 1 : 83.90.
Support. 1 : 83.69.
Support. 2 : 83.53.
Support. 3 : 83.36.
TODAY OUTLOOK :
Today this pair is traded in the range from the level of 83.75 to the level of 84.00. A breakout and close above the mark of 84.00 may cause the advance of the pair to 84.25 as a first target and to 84.50 as a second target. On the other hand, if this pair can break down and close below the 83.75, then the pair will probably move down to 83.50 as a first target and to 83.25 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.
TODAY RECOMENDATION TRADING FOR USD/JPY :
BUY at 83.90 and set the Take-profit from betwen 10 pips to 20 pips.
SELL at 83.70 and set the Take-profit from betwen 10 pips to 20 pips.
