USD/JPY Open 76.62 High 77.09 Low 76.32 Close 76.57
On Monday Dollar/Yen decreased with 75 pips, matching the negative Interbank sentiment at nearly -57%. The currency couple depreciated from 77.09 to 76.32 yesterday, closing the day at 76.57. This morning the Dollar is trading hesitantly against the Yen, and within yesterday's range for now. On the 1 hour chart quotes are testing the lower limit of the trading range, while on the 3 hour chart quotes are moving quietly in narrow range. Break above yesterday's top and nearest resistance 77.09 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.32, and consistent break bellow it could strengthen the Yen further down towards next target 75.50. Today are Japan Leading and Coincident indicators composite index, and Trade balance, at 5 and 23:50 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and declining, MACD is negative and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 77.09 78.00 78.83
Technical support levels: 76.32 75.50 74.62
Trading range: 76.65 - 76.00
Sell at 76.51 SL 76.81 TP 76.11
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:27 GMT+1 Sell USD/JPY at 76.53 SL 76.79 TP 76.03, exit sent at 7:49 GMT+1.
Total today +91, yesterday +85, as shown in details http://www.zifx.com/performance.php.