USD/JPY Open 77.85 High 78.06 Low 77.71 Close 77.87
On Tuesday Dollar/Yen decreased insignificantly with 35 pips. The currency couple depreciated from 78.06 to 77.71 yesterday, matching the negative Interbank sentiment at bellow -8%, closing the day at 77.87. This morning the Dollar is trading quietly against the Yen, with movements at the lower side of yesterday's range for now. On the 1 hour chart quotes are moving at the upper end of the trading range, while on the 3 hour chart trading is still within wider range. Break above yesterday's top and nearest resistance 78.06 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.71, and consistent break bellow it could strengthen the Yen further down towards next target 76.84. Today is Japan BoJ meeting announcement at 3:30 GMT. Quotes are moving just bellow the crossed 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 over light short signals.
Technical resistance levels: 78.06 78.90 80.72
Technical support levels: 77.71 76.84 76.00
Trading range: 77.95 - 77.30
Sell at 77.81 SL 78.11 TP 77.41
Already made +12 pips profit on USD/JPY today from the following sent to clients only signal:
5:21 GMT Sell USD/JPY at 77.80 SL 78.06 TP 77.30, exit sent at 7:42 GMT+1.
Total today +159, yesterday +152, as shown in details at http://www.zifx.com/performance.php.