TODAY TECHNICAL LEVEL :
Resistance. 3 : 83.11.
Resistance. 2 : 82.95.
Resistance. 1 : 82.78.
Support. 1 : 82.58.
Support. 2 : 82.42.
Support. 3 : 82.25.
TODAY OUTLOOK :
The USD/JPY has been trading in a Bearish situation since yesterday, anyway today the pair is likely to test the critical level 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 RECOMMENDATION :
SELL if today this pair can break out and close below the 82.50 level; set Take profit at 82.25 as the first target and at 82.00 as the second target.
