USD/JPY Open 80.47 High 80.78 Low 80.01 Close 80.43
On Tuesday Dollar/Yen traded within 75 pip range. The currency couple appreciated from 80.01 to 80.78 yesterday, not matching the negative Interbank sentiment at almost -51%, closing the day at 80.43. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart the upward channel is on hold, while on the 3 hour the upward channel has slowed down. Break above yesterday's top and nearest resistance 80.78 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.01, and consistent break bellow it could strengthen the Yen further down towards next target 79.12. Today were Japan Housing starts and Construction orders, both at 5 GMT. Quotes are moving in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral and calm, MACD is neutral and tranquil too, while CCI is almost in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 80.78 81.68 82.55
Technical support levels: 80.01 79.12 78.28
Already made +12 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 80.34 SL 80.08 TP 80.84, exit sent at 8:32 GMT+1.
Total today +51, yesterday +146, as shown in details at http://www.zifx.com/performance-past.php.