USD/JPY Open 81.52 High 81.89 Low 80.77 Close 81.54
On Monday Dollar/Yen decreased with 75 pips. The currency couple depreciated from 81.89 to 81.14 yesterday, matching the negative Interbank sentiment at almost -66%, closing the day at 81.54. This morning the Dollar weakened further against the Yen, descending down to 80.77. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart the upward channel looks good. Break above yesterday's top and nearest resistance 81.89 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.77, and consistent break bellow it could strengthen the Yen further down towards next target 79.90. There are no major economic events for Japan today. Quotes are moving bellow the 20 and just above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term slim bullish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 81.89 82.73 83.60
Technical support levels: 80.77 79.90 79.00
Already made +50 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Sell USD/JPY at 81.40 SL 81.66 TP 80.90, exit sent at 9:42 GMT+1.
Total today +160, yesterday +138, as shown in details at http://www.zifx.com/performance-past.php.