USD/JPY Open 76.44 High 76.76 Low 76.11 Close 76.47

On Tuesday Dollar/Yen decreased insignificantly with 40 pips, matching the negative Interbank sentiment at bellow -57%. The currency couple depreciated from 76.76 to 76.35 yesterday, closing the day at 76.47. This morning the Dollar descended further against the Yen, dropping down to 76.11. On the 1 hour chart new downward channel is emerging, while on the 3 hour chart quotes are still moving quietly in narrow range. Break above yesterday's top and nearest resistance 76.76 would encourage further recovery of the Dollar. Immediate support is today's bottom at 76.11, and consistent break bellow it could strengthen the Yen further down towards next target 75.25. Today is Japan All industry index at 04:30 GMT. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is thinly negative and calm, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 76.76 77.61 78.50
Technical support levels: 76.11 75.25 74.39

Trading range: 76.50 - 75.85
Trend: Downward
Sell at 76.36 SL 76.66 TP 75.96

Already made +16 pips profit on USD/JPY today from the following sent to clients only signal:
5:25 GMT+1 Sell USD/JPY at 76.39 SL 76.65 TP 75.89, exit sent at 7:20 GMT+1.
Total today +211, yesterday +91, as shown in details http://www.zifx.com/performance.php.

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