TODAY TECHNICAL LEVEL :
Resistance. 3 : 81.43.
Resistance. 2 : 81.27.
Resistance. 1 : 81.11.
Support. 1 : 80.91.
Support. 2 : 80.75.
Support. 3 : 80.59.
TODAY OUTLOOK :
Today the USD/JPY has been trading in a ranging situation between the 3-days low at 80.75 and the 3-days high at 81.34, breakout of this level might indicate further behavior of the pair. 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 RECOMMENDATION :
BUY if the USD/JPY can break out and close above the 81.34 level, set Take profit at 81.50 as the first target and 81.75 as the second target.
SELL if the USD/JPY can break out and close below the 80.75 level, set Take profit at 80.50 as the first target and 80.25 as the second target.
