USD/JPY Open 82.34 High 82.64 Low 81.45 Close 82.43
On Friday Dollar/Yen increased significantly with 120 pips. The currency couple appreciated from 81.45 to 82.64 on Friday, not matching the negative Interbank sentiment at above -28%, closing the week at 82.43. This morning the Dollar is trading slightly correctional against the Yen, with movements at the upper half of Friday's range for now. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart the upward channel has also resumed. Break above Friday's top and nearest resistance 82.64 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 81.45, and consistent break bellow it could strengthen the Yen further down towards next target 80.50. Today is Japan Tertiary activity index at 23:50 GMT. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term bullish pressure. The value of the RSI indicator is negative and calm, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 82.64 83.50 84.39
Technical support levels: 81.45 80.50 79.66
Already made +5 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Buy USD/JPY at 82.27 SL 82.01 TP 82.77, exit sent at 6:08 GMT+1.
Total today +63, on Friday +104, as shown in details at http://www.zifx.com/performance-past.php.