USD/JPY Open 82.12 High 83.31 Low 81.54 Close 82.06
On Monday Dollar/Yen decreased significantly with almost 150 pips. The currency couple depreciated from 83.31 to 81.86 yesterday, matching the negative Interbank sentiment at almost -45%, closing the day at 82.06. This morning the Dollar weakened further against the Yen, reaching down to 81.54, than consolidated. On the 1 hour chart new small angle downward channel is forming, while on the 3 hour chart the upward channel is still on hold. Break above yesterday's top and nearest resistance 83.31 would encourage further recovery of the Dollar. Immediate support is today's bottom at 81.54, and consistent break bellow it could strengthen the Yen further down towards next target 80.64.There are no major economic events for Japan today. Quotes are moving in line with 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is neutral and calm, MACD is negative and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 83.31 84.16 85.00
Technical support levels: 81.54 80.64 79.78
Already made +8 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMT Sell USD/JPY at 81.96 SL 82.22 TP 81.46, exit sent at 5:40 GMTGMT+1.
Total today +52, yesterday +140, as shown in details at http://www.zifx.com/performance-past.php.