USD/JPY Open 80.46 High 81.68 Low 80.00 Close 80.59
On Monday Dollar/Yen adjusted deeply downwards with 155 pips. The currency couple depreciated from 81.68 to 80.12 yesterday, not matching the negative Interbank sentiment at almost -38%, closing the day at 80.59. This morning the Dollar weakened further against the Yen, dropping down to 80.00, than commenced climbing. On the 1 hour chart the upward channel is interrupted, while on the 3 hour the new upward channel is intact. Break above yesterday's top and nearest resistance 81.68 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.00, and consistent break bellow it could strengthen the Yen further down towards next target 79.12. Today is Japan Industrial output at 23:50 GMT. 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 neutral and declining, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 81.68 82.55 83.39
Technical support levels: 80.00 79.12 78.28
Already made +48 pips profit on USD/JPY today from the following sent to clients only signal:
8:21 GMT Buy USD/JPY at 80.31 SL 80.05 TP 80.81, exit sent at 8:36 GMT+1.
Total today +146, yesterday +58, as shown in details at http://www.zifx.com/performance-past.php.