TODAY TECHNICAL LEVEL :
Resistance. 3 : 82.30.
Resistance. 2 : 82.14.
Resistance. 1 : 81.98.
Support. 1 : 81.78.
Support. 2 : 81.62.
Support. 3 : 81.46.
TODAY OUTLOOK :
After the pair successfully broke out and closed above the mark 82.00, now it is trying to reach and test the next Resistance level at 82.25; if the USD/JPY can easily break out and close this will cause it to go up to 82.50. 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 when this pair hits the Support. 3 at 81.46; set take profit betwen 10 pips to 15 pips.
SELL when this pair hits the Resistance. 3 at 82.30; set take profit betwen 10 pips to 15 pips.
