USD/JPY Open 77.76 High 77.88 Low 77.53 Close 77.80
On Wednesday Dollar/Yen increased insignificantly with 30 pips, matching the positive Interbank sentiment at over +13%. The currency couple appreciated from 77.53 to 77.88 yesterday, closing the day at 77.80. This morning the Dollar is trading hesitantly against the Yen, with movements within yesterday's range for now. On the 1 hour chart the narrow range trading was broken downwards, while on the 3 hour chart wider range trading has emerged. Break above yesterday's top and nearest resistance 77.88 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.53, and consistent break bellow it could strengthen the Yen further down towards next target 76.70.Today are Japan Corporate goods price and Tertiary activity indexes, both at 23:50 GMT. Quotes are moving just bellow the even 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 neutral and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 77.88 78.70 79.56
Technical support levels: 77.53 76.70 75.88
Trading range: 77.50 - 78.25
Buy at 77.63 SL 77.33 TP 78.03
Already made +4 pips profit on USD/JPY today from the following sent to clients only signal:
5:23 GMT Buy USD/JPY at 77.71 SL 77.45 TP 78.21, exit sent at 7:15 GMT+1.
Total today +130, yesterday +81, as shown in details at http://www.zifx.com/performance.php.