USD/JPY Calm on Japan's Marine Day

USD/JPY Open 79.14 High 79.28 Low 78.95 Close 79.08

On Friday Dollar/Yen was trading within narrow 30 pip range, matching the neutral Interbank sentiment at almost -2%. The currency couple depreciated from 79.28 to 78.95 on Friday, closing the week at 79.08. This morning the Dollar is trading quietly against the Yen, and within Friday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the new downward channel has slowed down. Break above Friday's top and nearest resistance 79.28 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 78.95, and consistent break bellow it could strengthen the Yen further down towards next target 78.00. Today is Japan Marine's Day. Quotes are moving about in line with the even 20 and 50 EMA on the 1 hour chart, indicating generally neutral market. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 79.28 80.16 81.00
Technical support levels: 78.95 78.00 77.14

Trading range: 79.25 - 78.60
Trend: Downward
Sell at 79.11 SL 79.41 TP 78.71

Already made +5 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Sell USD/JPY at 79.03 SL 79.29 TP 78.53, exit sent at 7:02 GMT+1.
Total today +100, on Friday +143, as shown in details at