USD/JPY Open 81.34 High 81.56 Low 80.85 Close 81.30
On Tuesday Dollar/Yen increased insignificantly with 55 pips. The currency couple appreciated from 80.85 to 81.40 yesterday, not matching the negative Interbank sentiment at almost -12%, closing the day at 81.30. This morning the Dollar strengthened further against the Yen, lifting up to 81.56, than commenced declining.
On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. Break above today's top and nearest resistance 81.56 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.85, and consistent break bellow it could strengthen the Yen further down towards next target 80.00.
There are no major economic events for Japan today.
Quotes are moving just bellow the twisted (often change of direction) 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is positive and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 81.56 82.43 83.27
Technical support levels: 80.85 80.00 79.18
Total today +9 pips profit on USD/JPY today from the following sent to clients only signal:
9:30 GMT+1 Sell USD/JPY at 81.19 SL 81.45 TP 80.69, exit sent at 9:31 GMT+1.
Total today +107, yesterday +39, as shown in details at http://www.zifx.com/performance-past.php.