USD/JPY Open 82.84 High 83.03 Low 82.28 Close 82.79
On Monday Dollar/Yen increased with 70 pips. The currency couple appreciated from 82.28 to 83.00 yesterday, not matching the negative Interbank sentiment at bellow -45%, closing the day at 82.79. This morning the Dollar ascended slightly further against the Yen, reaching 83.03, but movements in general are small. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. Break above today's top and nearest resistance 83.03 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 82.28, and consistent break bellow it could strengthen the Yen further down towards next target 81.40. There are no major economic events for Japan today. Quotes are moving just bellow the 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 neutral and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 83.03 83.89 84.75
Technical support levels: 82.28 81.40 80.55
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 82.84 SL 82.58 TP 83.34, exit sent at 7:42 GMTGMT+1.
Total today +57, yesterday +179, as shown in details at http://www.zifx.com/performance-past.php.