Resistance. 3 : 83.69.
Resistance. 2 : 83.52.
Resistance. 1 : 83.36.
Support. 1 : 83.15.
Support. 2 : 82.99.
Support. 3 : 82.82.
After yesterday's strong upward movement, the USD/JPY is now stuck in a ranging situation between 83.16 and 83.39. However, please pay attention to today’s Resistance. 3 and today’s Support. 3, usually after reaching one of these levels the USD/JPY reverses between 10 pips to 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 breakout and close above the 83.50; set the first Profit at the 83.75 and the second target at the mark 84.00.
SELL if this pair can breakout and close bellow the mark 83.00; set the first profit at the 82.75 and the second target at the 82.50.