Resistance. 3 : 81.67.
Resistance. 2 : 81.51.
Resistance. 1 : 81.35.
Support. 1 : 81.15.
Support. 2 : 80.99.
Support. 3 : 80.83.
It seems the USD/JPY pair strengthens and does not move downwards, because this pair could not break and close below 81.00 level (Round Number). Now this pair has been forming a Descending Triangle, it means all the market participants are confused about this pair’s movement. However, our forecast for this day is the USD/JPY will move in a sideway, because yesterday this pair did not close below 81.00 level. Secondly, since this pair breached the hesitation level of 81.75 on October 14, until now its already a 3 day, in the theory after the currency breakout and close above/bellow the hesitation level area it must going to the next Large Quarter Point in the 3 days, otherwise the momentum will be lost and the trend movement is cancelled. However, please pay attention to Support. 3 and Resistance. 3; if these level are reached, there is a possibility that the currency pair reverses between 10 pips to 20 pips. Nevertheless, if this pair, after hit those levels, still goes by 50 pips, this indicates USD/JPY will continue its movement.