USD/JPY Open 77.18 High 77.64 Low 76.74 Close 77.20

On Monday Dollar/Yen decreased with 90 pips, matching the negative Interbank sentiment at under -53%. The currency couple depreciated from 77.64 to 76.74 yesterday, closing the day at 77.20. This morning the Dollar is trading hesitantly against the Yen, and within yesterday's range for now. On the 1 hour the trading is still caught in a range, while on the 3 hour chart the downward channel has turned into quiet trading. Break above yesterday's top and nearest resistance 77.64 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.74, and consistent break bellow it could strengthen the Yen further down towards next target 75.90. Today is Japan Industrial output at 23:50 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 77.64 78.53 79.38
Technical support levels: 76.74 75.90 75.00

Trading range: 77.20 - 76.55
Trend: Downward
Sell at 77.08 SL 77.38 TP 76.68

Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
5:24 GMT+1 Sell USD/JPY at 77.03 SL 77.29 TP 76.53, exit sent at 7:19 GMT+1.
Total today +166, yesterday +199, as shown in details at http://www.zifx.com/performance.php.

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