USD/JPY Open 76.89 High 76.97 Low 76.49 Close 76.75 On Friday Dollar/Yen decreased insignificantly with 50 pips, matching the negative Interbank sentiment at under -53%. The currency couple appreciated from 76.97 to 76.49 on Friday, closing the week at 76.75. This morning the Dollar is trading with a slight decline against the Yen, with movements within Friday's range for now. On the 1 hour the trading is still caught in a range, while on the 3 hour chart the downward channel has turned into quiet trading. Break above Friday's top and nearest resistance 76.97 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.49, and consistent break bellow it could strengthen the Yen further down towards next target 75.62. There are no major economic events for Japan today. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is thinly negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 76.97 77.82 78.67
Technical support levels: 76.49 75.62 74.80
Trading range: 76.95 - 76.35
Sell at 76.85 SL 77.15 TP 76.45
Already made +9 pips profit on USD/JPY today from the following sent to clients only signal:
5:28 GMT+1 Sell USD/JPY at 76.77 SL 77.03 TP 76.27, exit sent at 6:35 GMT+1.
Total today +168, on Friday +124, as shown in details at http://www.zifx.com/performance.php.