TODAY TECHNCIAL LEVEL :
Resistance. 3 : 82.72.
Resistance. 2 : 82.56.
Resistance. 1 : 82.40.
Support. 1 : 82.20.
Support. 2 : 82.03.
Support. 3 : 81.87.
TODAY OUTLOOK :
This pair has already traded between 82.25 and 82.50; if the USD/JPY can easily break out and close below 82.50, this situation will cause this currency to go down to 82.00, on the other hand if this pair can beak out and close above 82.50, this will make this pair to go up to 82.75. However, 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 82.57; set TakeProfit between 10 pips to 20 pips.
SELL at 82.37; set TakeProfit between 10 pips to 20 pips.
