USD/JPY Open 78.30 High 79.54 Low 77.73 Close 78.06
On Monday Dollar/Yen decreased significantly with 180 pips, matching the negative Interbank sentiment at almost -76%. The currency couple depreciated from 79.54 to 77.73 yesterday, closing the day at 75.76. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart the upward impulse still holds quotes high, while on the 3 hour chart the upward channel broke the pair out of the range trading. Break above yesterday's top and nearest resistance 79.54 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.73, and consistent break bellow it could strengthen the Yen further down towards next target 76.85. Today were Japan Japan Housing starts and Construction orders, both at 5 GMT. Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 79.54 80.40 81.26
Technical support levels: 77.73 76.85 76.00
Trading range: 78.30 - 77.70
Sell at 78.20 SL 78.50 TP 77.80
Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
5:24 GMT Sell USD/JPY at 78.13 SL 78.39 TP 77.63, exit sent at 6:08 GMT+1.
Total today +174, yesterday +106, as shown in details at http://www.zifx.com/performance.php.