USD/JPY Open 78.22 High 78.33 Low 77.95 Close 78.27
On Monday Dollar/Yen decreased insignificantly with 20 pips. The currency couple depreciated from 78.33 to 78.11 yesterday, matching the negative money flow sentiment at around -11%, closing the day at 78.27. This morning the Dollar weakened against the Yen, dropping down to 77.95.
On the 1 hour chart quotes broke down the trading range, while on the 3 hour chart movements are still within the wider range. Break above yesterday's top and nearest resistance 78.33 would encourage further recovery of the Dollar. Immediate support is today's bottom at 77.95, and consistent break bellow it could strengthen the Yen further down towards next target 77.10.
Today are Japan Corporate goods price index, Machinery orders, and Tertiary activity index, all at 23:50 GMT.
Quotes are moving bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 78.33 79.20 80.35
Technical support levels: 77.95 77.10 76.22
Today so far +23 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 78.21 SL 78.47 TP 77.71, exit sent at 10:09 GMT+1.
Today so far +130, yesterday +65, as shown at http://www.zifx.com/performance-past.php.