USD/JPY Open 81.07 High 81.27 Low 80.65 Close 81.10
On Tuesday Dollar/Yen continued increasing insignificantly with 60 pips, not matching the negative Interbank sentiment at almost -79%. The currency couple appreciated from 80.65 to 81.27 yesterday, closing the day at 81.10. This morning the Dollar is moving upwards against the Yen, but within yesterday's range for the time being. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart quotes are moving within wide trading range. Break above yesterday's top and nearest resistance 81.27 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.65, and consistent break bellow it could strengthen the Yen further down towards next target 79.49. There are no major economic events for Japan today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 81.27 82.16 83.00
Technical support levels: 80.65 79.49 78.37
Trading range: 81.00 - 81.65
Buy at 81.14 SL 80.84 TP 81.54
Already made +8 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Buy USD/JPY at 81.04 SL 80.78 TP 81.54, exit sent at 9:58 GMT+1.
Total today +105, yesterday +104, as shown in details at http://www.zifx.com/performance.php.