TODAY TECHNICAL LEVEL :
Resistance. 3 : 83.46.
Resistance. 2 : 83.30.
Resistance. 1 : 83.13.
Support. 1 : 82.93.
Support. 2 : 82.77.
Support. 3 : 82.60.
TODAY OUTLOOK :
It seems the volatility on the market starts to drain during the Christmas Holiday Session; the USD/JPY is now trading betwen 82.75 to the 83.25 levels, nevertheless there are quite few data releases due today. 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 SUGGESTION :
NO TRADE for today during the Christmash Holiday Session.
