USD/JPY Open 80.22 High 80.34 Low 80.04 Close 80.19

On Monday Dollar/Yen traded within very narrow 30 pip range, not matching the negative Interbank sentiment at under -8%. The currency couple appreciated from 80.04 to 80.34 yesterday, closing the day at 80.19. This morning the Dollar continues to trade quietly against the Yen, and within yesterday's range. On the 1 hour chart trading has moved into a range, while on the 3 hour chart quotes are moving within wider trading range. Break above yesterday's top and nearest resistance 80.34 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.04, and consistent break bellow it could strengthen the Yen further down towards next target 79.10. There are no major economic events for Japan today. Quotes are in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is positive and calm, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 80.34 81.20 82.09
Technical support levels: 80.04 79.10 78.27

Trading range: 80.40 - 79.80
Trend: Downward
Sell at 80.30 SL 80.60 TP 79.90

Already made +10 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Sell USD/JPY at 80.26 SL 80.52 TP 79.76, exit sent at 8:44 GMT+1.
Total today +129, yesterday +107, as shown in details at http://www.zifx.com/performance.php.

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