USD/JPY Open 76.55 High 76.80 Low 76.13 Close 76.59
On Friday Dollar/Yen increased with 60 pips. The currency couple appreciated from 76.13 to 76.74 on Friday, not matching the negative Interbank sentiment at nearly -19%, closing the week at 76.59. This morning the Dollar strengthened further against the Yen, climbing to 76.80. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart quotes returned to the trading range. Break above today's top and nearest resistance 76.80 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.13, and consistent break bellow it could strengthen the Yen further down towards next target 75.30. There are no major economic events for Japan today. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and declining, MACD is positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 76.80 77.66 78.50
Technical support levels: 76.13 75.30 74.48
Trading range: 76.80 - 76.15
Sell at 76.68 SL 76.98 TP 76.28
Already made +17 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Sell USD/JPY at 76.79 SL 77.05 TP 76.29, exit sent at 7:24 GMT+1.
Total today +99, on Friday +142, as shown in details at http://www.zifx.com/performance.php.