USD/JPY Open 76.76 High 77.02 Low 76.40 Close 76.82
On Thursday Dollar/Yen increased insignificantly with 60 pip, not matching the negative Interbank sentiment at bellow -48%. The currency couple appreciated from 76.40 to 77.02 yesterday, closing the day at 76.82. This morning the Dollar is advancing against the Yen, with movements still however within yesterday's range for now. On the 1 hour chart range trading is emerging, while on the 3 hour chart quotes are still caught in narrow range. Break above yesterday's top and nearest resistance 77.02 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.40, and consistent break bellow it could strengthen the Yen further down towards next target 75.53. Today were Japan Housing starts and Construction orders, both at 5 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is thinly positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 77.02 77.88 78.74
Technical support levels: 76.40 75.53 74.70
Trading range: 76.70 - 77.35
Buy at 76.82 SL 76.52 TP 77.22
Already made +35 pips profit on USD/JPY today from the following sent to clients only signal:
5:25 GMT+1 Buy USD/JPY at 76.54 SL 76.28 TP 77.04, exit sent at 10:03 GMT+1.
Total today +114, yesterday +159, as shown in details at http://www.zifx.com/performance.php.