USD/JPY Open 76.53 High 76.87 Low 76.33 Close 76.57
On Wednesday Dollar/Yen decreased insignificantly with 50 pip, matching the negative Interbank sentiment at nearly -50%. The currency couple depreciated from 76.87 to 76.33 yesterday, closing the day at 76.57. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart quotes are still caught in narrow range. Break above yesterday's top and nearest resistance 76.87 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.33, and consistent break bellow it could strengthen the Yen further down towards next target 75.39. Today are Japan Nationwide and Tokyo-area CPI, Unemployment, Household spending and Industrial output, all at 23:30 GMT. Quotes are moving just bellow the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is thinly negative and hesitant, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 76.87 77.79 78.62
Technical support levels: 76.33 75.39 74.50
Trading range: 76.65 - 76.05
Sell at 76.55 SL 76.85 TP 76.15
Already made +8 pips profit on USD/JPY today from the following sent to clients only signal:
5:26 GMT+1 Sell USD/JPY at 76.54 SL 76.80 TP 76.04, exit sent at 8:54 GMT+1.
Total today +159, yesterday +158, as shown in details at http://www.zifx.com/performance.php.