USD/JPY Open 83.18 High 84.10 Low 82.76 Close 83.38

On Wednesday Dollar/Yen decreased after the morning climb with 100 pips. The currency couple depreciated from 84.10 to 83.12 yesterday, matching the negative Interbank sentiment at bellow -39%, closing the day at 83.38. This morning the Dollar weakened further against the Yen, descending down to 82.76. On the 1 hour chart the upward channel is still on hold, while on the 3 hour chart the upward channel has slowed down. Break above yesterday's top and nearest resistance 84.10 would encourage further recovery of the Dollar. Immediate support is today's bottom at 82.76, and consistent break bellow it could strengthen the Yen further down towards next target 81.90. There are no major economic events for Japan today. Quotes are moving bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 84.10 85.00 85.86
Technical support levels: 82.76 81.90 81.00
Already made +12 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Buy USD/JPY at 83.29 SL 83.03 TP 83.79, exit sent at 5:42 GMT+1.
Total today +134, yesterday +104, as shown in details at