Resistance. 3 : 81.46.
Resistance. 2 : 81.30.
Resistance. 1 : 81.14.
Support. 1 : 80.94.
Support. 2 : 80.78.
Support. 3 : 80.62.
Today the USD/JPY has been trading in a ranging situation between the 80.60 (3 days low) and the 81.18 levels. It looks like the pair will test the 3-days low at 80.60, if this level can be broken and this pair closes below it, the USD/JPY will be going down again; on the other hand if the pair can break out and close above the 81.18 level, this pair will be going up because it has broken the last peak before. However, pay attention for the today's Resistance. 3 and today's Support. 3; usually after reaching one of these levels the pair reverses between 10 pips to the 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 RECOMMENDATION :BUY if the USD/JPY can break out and close above 81.18 and set Take profit at 81.25 as the first target and 81.50 as the second target.
SELL if the USD/JPY can break out and close below 80.60 and set Take profit at 80.45 as the first target and 80.25 as the second target.