USD/JPY Open 78.89 High 79.03 Low 78.37 Close 78.85
On Thursday Dollar/Yen increased with 65 pips. The currency couple appreciated from 78.37 to 79.03 yesterday, matching the positive money flow sentiment at around 8%, closing the day at 78.85. This morning the Dollar is trading quietly against the Yen, with movements at the upper end of yesterday's range for now.
On the 1 hour chart movements are still within the range, while on the 3 hour chart quotes are moving within wider range. Break above yesterday's top and nearest resistance 79.03 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.37, and consistent break bellow it could strengthen the Yen further down towards next target 77.50.
Today were Japan Leading and Coincident indicators composite index, both at 5 GMT.
Quotes are moving above the crossing 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 79.03 79.90 80.77
Technical support levels: 78.37 77.50 76.67
Today so far +8 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:16 GMT+1 Buy USD/JPY at 78.92 SL 78.66 TP 79.42, exit sent at 7:31 GMT+1.
Today so far +129, yesterday +114, as shown at http://www.zifx.com/performance-past.php.