TODAY TECHNICAL LEVEL :
Resistance. 3 : 81.97.
Resistance. 2 : 81.81.
Resistance. 1 : 81.65.
Support. 1 : 81.45.
Support. 2 : 81.29.
Support. 3 : 81.12.
TODAY OVERVIEW :
In the early morning the USD/JPY traded in a ranging situation between the 81.50 and the 81.75 levels, however if we look at the m30 charts and if we put the MACD (12,26,9) we can see a little Divergence between the price and the MACD histogram; so please be prepared for some unexpected upside movement, especially if this pair can break out and close above the 81.75 level. However, there is a possibility the USD/JPY will advance the downtrend movement, especially if this pair can break out and close below the 81.50 level. Please look for today Support. 3 (81.12) and the today Resistance. 3 at the 81.97 level too, because usually after hitting one of these levels, the pair reverses to the opposite direction approximately between 10 pips to the 20 pips. But if one those 2 levels can be broken out and this pair is still going in their direction, that will indicate that the USD/JPY advance its way.
TODAY RECOMENDATION :
BUY if the USD/JPY can break out and close above the 81.75, and set the first target at the 81.97 and the 82.14 as the second target.
SELL if the USD/JPy can brea kout and close below the 81.50, and set the first target at the 81.29 and the 81.10 as the second target.
