Today Technical Level :
Resistance. 3 : 83.94.
Resistance. 2 : 83.78.
Resistance. 1 : 83.61.
Support. 1 : 83.41.
Support. 2 : 83.24.
Support. 3 : 83.72.
Today Outlook :
The USD/JPY is still biased within the uptrend, especially in a mid-term.
However today, if this pair wants to strengthen its uptrend movement it must break up the mark of 84.50, in this case such situation will allow pair to reach the level of 84.75 before it goes to 85.00 (if the momentum to up its strong). Anyway, if the USD/JPY breaks down the level of 84.00 it will allow this pair to move to the mark 83.75. In case this pair has a strong downtrend momentum then the USD/JPY probably reach the mark of 83.50.
Please pay attention to today’s Resistance. 3 and Support.3; usually if the USD/JPY reaches these levels it reverses between 10 pips to 20 pips. But if this pair after hit one of these levels still goes until 50 pips, it will indicate that the pair has found its way.