USD/JPY Open 81.67 High 81.78 Low 80.96 Close 81.49

On Friday Dollar/Yen traded within narrow 35 pip range. The currency couple depreciated from 81.78 to 81.43 on Friday, not matching the positive Interbank sentiment at over +11%, closing the week at 81.49. This morning the Dollar collapsed against the Yen, dropping down to 80.96. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. Break above Friday's top and nearest resistance 81.78 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 81.25, and consistent break bellow it could strengthen the Yen further down towards next target 80.39. Today were Japan Leading and Coincident indicators composite index, both at 5 GMT. Quotes are moving bellow the close and 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 declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 81.78 82.64 83.46
Technical support levels: 80.96 80.10 79.27
Total today +38 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMTGMT+1 Sell USD/JPY at 81.34 SL 81.60 TP 80.84, exit sent at 9:02 GMTGMT+1.
Total today +115, on Friday +123, as shown in details at http://www.zifx.com/performance-past.php.

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