USD/JPY Open 82.51 High 82.95 Low 81.96 Close 82.29
On Friday Dollar/Yen continued decreasing with 100 pips. The currency couple depreciated from 82.95 to 81.96 on Friday, matching the negative Interbank sentiment at bellow -40%, closing the week at 82.29. This morning the Dollar is making recovery attempts against the Yen, with movements still within Friday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is on hold. Break above Friday's top and nearest resistance 82.95 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 81.96, and consistent break bellow it could strengthen the Yen further down towards next target 81.10. There are no major economic events for Japan today. Quotes are moving above the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is positive and declining, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 82.95 83.80 84.68
Technical support levels: 81.96 81.10 80.22
Already made +21 pips profit on USD/JPY today from the following sent to clients only signal:
5:18 GMT Buy USD/JPY at 82.69 SL 82.43 TP 83.19, exit sent at 9:20 GMTGMT+1.
Total today +179, on Friday +164, as shown in details at http://www.zifx.com/performance-past.php.