TODAY TECNICAL LEVEL :
Resistance. 3 : 83.26.
Resistance. 2 : 83.10.
Resistance. 1 : 82.93.
Support. 1 : 82.73.
Support. 2 : 82.57.
Support. 3 : 82.40.
TODAY OUTLOOK :
Yesterday after breaking out and closing above the 82.87 (recommended BUY Level) the USD/JPY went to the upside and hit all recommended Take profit levels. However, after reaching the Resistance. 3 level at 83.16, the pair reversed to the downside again. Today the pair entered the yesterday's range between 82.69 and 82.87 again. If we look at the charts, it seems the Resistance 82.87 will be re-tested by the USD/JPY, but on the other hand please pay attention for the 3 days low level at 82.57. However, pay attention for the today's Resistance. 3 and today's Support. 3; usually after reaching one of these levels the pair reverses between 10 pips to the 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 if this pair can break out and close above the 82.87 level, set Take profit at 82.95 as the first target and 83.00 as the second target.
SELL if this pair can break out and close below the 82.75 level, set Take profit at 82.69 as the first target and 82.57 as the second target.
