TODAY TECHNICAL LEVEL :
Resistance. 3 : 81.89.
Resistance. 2 : 81.73.
Resistance. 1 : 81.56.
Support. 1 : 81.37.
Support. 2 : 81.20.
Support. 3 : 81.04.
TODAY OUTLOOK :
The USD/JPY seems to be trapped between 81.25 and 81.75. Maybe it is caused by the low volatility during the New Year holiday session. 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 :
No Trading for Today during the New Year Holiday Session.
