USD/JPY Open 77.61 High 77.78 Low 77.44 Close 77.54
On Friday Dollar/Yen decreased insignificantly with 30 pips. The currency couple depreciated from 77.78 to 77.44 on Friday, not matching the positive Interbank sentiment at above +12%, closing the week at 77.54. This morning the Dollar is trading quietly against the Yen, moving within Friday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart trading is still within wider range. Break above Friday's top and nearest resistance 77.78 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 77.44, and consistent break bellow it could strengthen the Yen further down towards next target 76.60. Today is Japan Tertiary activity index at 23:50 GMT. Quotes are moving above the close 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is neutral and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 77.78 79.63 80.50
Technical support levels: 77.44 76.60 75.73
Trading range: 77.65 - 78.30
Buy at 77.76 SL 77.46 TP 78.16
Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
5:23 GMT Sell USD/JPY at 77.64 SL 77.90 TP 77.14, exit sent at 6:56 GMT+1.
Total today +146, on Friday +114, as shown in details at http://www.zifx.com/performance.php.