Resistance. 3 : 82.46.
Resistance. 2 : 82.30.
Resistance. 1 : 82.13.
Support. 1 : 81.94.
Support. 2 : 81.77.
Support. 3 : 81.61.
Yesterday, after the USD strengthened to hit the 82.82 level, this pair started to retrace to the downside again until it hit the Fibonacci Support 61.8% at the 81.87 and the today Support. 2 at the 81.77 level. Today the USD/JPY is likely to test the Support. 1 Level at the 81.94; BUT if the downside movement its too strong for this pair today, especially if the USD/JPY can break out and close below the 81.75 level, it will test the Support. 3 at the 81.61 level and the 81.50 level , however please be carefull when this spot rate hits the today Support. 3 level because usually after the USD/JPY hits this level, it reverses up approximatelly about 10 pips to 20 pips.
TODAY RECOMENDATION :BUY if the USD/JPY can break out and close above the 81.92 level, and set the first target at the 82.09 and the second target at the 82.23.
SELL if the USD/JPY can break out and close below the 81.75 level, and set the first target at the 81.61 and the second target at the 81.43.