USD/JPY Open 81.45 High 81.68 Low 79.92 Close 81.15
On Friday Dollar/Yen resumed increasing significantly with 135 pips. The currency couple appreciated from 79.92 to 81.26 on Friday, not matching the negative Interbank sentiment at almost -62%, closing the week at 81.15. This morning the Dollar strengthened further against the Yen, climbing up to 81.68, than weakened. On the 1 hour chart the upward channel looks good, while on the 3 hour the new upward channel is intact. Break above today's top and nearest resistance 81.68 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 79.92, and consistent break bellow it could strengthen the Yen further down towards next target 78.80. Today is Japan Retail sales at 23:50 GMT. Quotes are moving bellow the 20 and just above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term slim bullish pressure. The value of the RSI indicator is negative and calm, 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: 81.68 82.55 83.39
Technical support levels: 79.92 78.80 77.64
Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
8:27 GMT Buy USD/JPY at 80.85 SL 80.59 TP 81.35, exit sent at 8:40 GMT+1.
Total today +58, on Friday +153, as shown in details at http://www.zifx.com/performance-past.php.