USD/JPY Open 78.25 High 79.02 Low 78.01 Close 78.21
On Friday Dollar/Yen decreased sharply with 100 pips. The currency couple depreciated from 79.02 to 78.01 on Friday, matching the negative money flow sentiment at bellow -12%, closing the week at 78.21. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of Friday's range for now.
On the 1 hour chart quotes broke down the trading range, while on the 3 hour chart movements are still within the wider range. Break above Friday's top and nearest resistance 79.02 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 78.01, and consistent break bellow it could strengthen the Yen further down towards next target 77.12.
Today is Japan M2+CDs money supply at 23:50 GMT.
Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 79.02 79.90 80.77
Technical support levels: 78.01 77.12 76.30
Today so far +2 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 78.23 SL 78.49 TP 77.73, exit sent at 6:16 GMT+1.
Today so far +65, on Friday +129, as shown at http://www.zifx.com/performance-past.php.