Resistance. 3 : 83.27.
Resistance. 2 : 82.92.
Resistance. 1 : 82.56.
Support. 1 : 82.13.
Support. 2 : 81.78.
Support. 3 : 81.42.
TODAY OUTLOOK :After testing the Fibonacci Support 38.2% at 82.23 the pair returned to the upside and hit the Fibonacci Resistance 127% at the 82.46 level and the Fibonacci Resistance 1.618% at the 82.59 level (green circle). Today the USD/JPY tested the Resistance 82.84 (3 days high) which acts as a strong resistance, but there is still a possibility for the pair to test the 82.75 support level if the 82.84 Resistance can hold the upside movement. As long as the pair cannot break out and close below the 82.60 level , the bullish movement is still in advance. Please pay attention for the today Resistance. 3 and today Support. 3 ussually after reaching one of this level this pair will reverse betwen 10 pips to the 20 pips; if this pair after reaches one of these levels and still goes more than 50 pips in the chossen direction, this will denote that the USD/JPY has found its tendency for today.
TODAY RECOMMENDATION :BUY if this pair closes above the 82.88 level, set Take profit at 82.93 as the firs target and 83.00 as the second target.
SELL if this pair closes below the 82.75 level, set Take profit at 82.60 as the first target and 82.50 as the second target.