TODAY TECHNICAl LEVEL :
Resistance. 3 : 82.36.
Resistance. 2 : 82.20.
Resistance. 1 : 82.04.
Support. 1 : 81.84.
Support. 2 : 81.67.
Support. 3 : 81.51.
TODAY OUTLOOK :
After breakout of the downtrend channell the USD/JPY is trying to break the Resistance 82.25, but this pair failed to break this level yesterday. The pair is back to the downside again and it seems that it wants to test the support 81.75 level. If the pair cannot break out from this level too the USD/JPY will be trapped in a sideways situation. However, please pay attention for 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 :
BUY if this pair can break out the 82.25 level, set Take profit at 82.50.
SELL if this pair can break out the 91.75 level, set Take profit at 81.50.
