TODAY TECHNICAL LEVEL :
Resistance. 3 : 83.07.
Resistance. 2 : 82.91.
Resistance. 1 : 82.74.
Support. 1 : 82.54.
Support. 2 : 82.38.
Support. 3 : 82.21.
TODAY OUTLOOK :
Today the USD/JPY has already been trading between 82.50 and 82.75; if the pair manages to break out and close above 82.75, it will try to go up to the first target at 83.00 and the second target at 83.25 if the upside momentum is strong enough; on the other hand if the pair can break out and close below 82.50, this will cause it to go up to 82.25 as its first target and 82.00 as its second target. However, please pay attention to today’s Resistance. 3 and today’s Support. 3, usually after reaching one of these levels the USD/JPY will 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 if this pair can close above 82.88 set TakeProfit between 10 pips to 20 pips
SELL if this pair can close below 82.68 set TakeProfit between 10 pips to 20 pips.
