USD/JPY Open 82.76 High 82.99 Low 81.54 Close 82.80
On Tuesday Dollar/Yen increased significantly with 145 pips as Dollar strengthened across the board. The currency couple appreciated from 81.54 to 82.99 yesterday, not matching the negative Interbank sentiment at bellow -43%, closing the day at 82.80. This morning the Dollar began losing against the Yen, moving still within yesterday's range for now. On the 1 hour chart new small angle downward channel has formed, while on the 3 hour chart the upward channel is still on hold. Break above yesterday's top and nearest resistance 82.99 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 81.54, and consistent break bellow it could strengthen the Yen further down towards next target 80.64. There are no major economic events for Japan today. Quotes are moving just bellow the twisted 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 positive and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 82.99 83.88 84.70
Technical support levels: 81.54 80.64 79.78
Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
5:16 GMT Buy USD/JPY at 82.71 SL 82.45 TP 83.21, exit sent at 8:10 GMTGMT+1.
Today so far +99, yesterday +52, as shown in details at http://www.zifx.com/performance-past.php.