USD/JPY Open 76.68 High 77.46 Low 76.45 Close 76.64
On Friday Dollar/Yen decreased significantly with 100 pips, matching the negative Interbank sentiment at nearly -60%. The currency couple depreciated from 77.46 to 76.45 on Friday, closing the week at 76.64. This morning the Dollar is trading slightly downward against the Yen, with movements still within Friday's range for now. On the 1 hour the trading range has widened, while on the 3 hour chart the downward channel is fading away. Break above Friday's top and nearest resistance 77.46 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.45, and consistent break bellow it could strengthen the Yen further down towards next target 75.56. Today are Japan Unemployment, Household spending and Retail sales, at 23:30 and 23:50 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 77.46 78.33 79.18
Technical support levels: 76.45 75.56 74.70
Trading range: 76.75 - 76.15
Sell at 76.65 SL 76.95 TP 76.25
Already made +11 pips profit on USD/JPY today from the following signal:
5:27 GMT+1 Sell USD/JPY at 76.72 SL 76.98 TP 76.22, exit sent at 8:20 GMT+1.
Total today +134, on Friday +96, as shown in details at http://www.zifx.com/performance.php.