USD/JPY Open 77.66 High 77.95 Low 77.29 Close 77.62
On Thursday Dollar/Yen decreased insignificantly with 40 pips. The currency couple depreciated from 77.95 to 77.57 yesterday, not matching the positive Interbank sentiment at above +8%, closing the day at 77.62. This morning the Dollar weakened slightly further against the Yen, reaching 77.29. On the 1 hour chart quotes are back into the range trading, while on the 3 hour chart trading is still within wider range. Break above yesterday's top and nearest resistance 77.95 would encourage further recovery of the Dollar. Immediate support is today's bottom at 77.29, and consistent break bellow it could strengthen the Yen further down towards next target 76.41. There are no major economic events for Japan today. Quotes are moving way bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating strong bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and descending too, while CCI has crossed down the 100 line on the 1 hour chart, giving over short signals.
Technical resistance levels: 77.95 78.80 79.64
Technical support levels: 77.29 76.41 75.58
Trading range: 77.55 - 76.90
Sell at 77.43 SL 77.73 TP 77.03
Already made +5 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 77.54 SL 77.80 TP 77.04, exit sent at 10:00 GMT+1.
Total today +106, yesterday +83, as shown in details at http://www.zifx.com/performance.php.