USD/JPY Open 76.72 High 76.96 Low 76.62 Close 76.70
On Tuesday Dollar/Yen decreased insignificantly with 30 pips. The currency couple depreciated from 76.96 to 76.62 yesterday, not matching the positive Interbank sentiment at nearly +13%, closing the day at 76.70. This morning the Dollar is trying to push further down against the Yen, with movements bouncing at 76.60. On the 1 hour chart new downward channel has emerged, while on the 3 hour chart quotes broke down of the wide trading range. Break above yesterday's top and nearest resistance 76.96 would encourage further recovery of the Dollar. Immediate support is today's bottom at 76.62, and consistent break bellow it could strengthen the Yen further down towards next target 75.80. There are no major economic events for Japan today. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over light short signals.
Technical resistance levels: 76.96 77.82 78.66
Technical support levels: 76.60 75.80 74.00
Trading range: 76.80 - 76.15
Sell at 76.67 SL 76.97 TP 76.27
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 76.68 SL 76.94 TP 76.18, exit sent at 8:15 GMT+1.
Total today +93, on Friday +106, as shown in details at http://www.zifx.com/performance.php.