TODAY TECHNICAL LEVEL :
Resistance. 3 : 83.36.
Resistance. 2 : 83.20.
Resistance. 1 : 83.03.
Support. 1 : 82.83.
Support. 2 : 82.67.
Support. 3 : 82.50.
TODAY OUTLOOK :
By the moment this pair has already been trading in the range between 82.75 and 83.00; if the pair manages to break out and close below 82.75, it will try to reach 82.50 as a first target and 82.25 as a second target, on the other hand, if this pair can break through and close above the 83.00 mark, this will cause this currency to advance to 83.25 as a first target and 83.50 as a second target. 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, this will denote that the USD/JPY has found its tendency for today.
TODAY RECOMENDATION :
BUY at 82.50 (Support. 3) and set Take profit for 10 pips to 20 pips.
SELL at 83.36 (Resistance. 3) and set Take profit for 10 pips to 20 pips.
