USD/JPY Open 77.07 High 77.32 Low 76.68 Close 77.09
On Thursday Dollar/Yen increased with 60 pips. The currency couple appreciated from 76.68 to 77.32 yesterday, not matching the negative Interbank sentiment at bellow -7%, closing the day at 77.09. This morning the Dollar is trading quietly against the Yen, with movements at the upper half of yesterday's range for now. On the 1 hour chart quotes are still held within trading range, while on the 3 hour chart quotes are moving within wider trading range. Break above yesterday's top and nearest resistance 77.09 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.68, and consistent break bellow it could strengthen the Yen further down towards next target 75.82. Today are Japan All industry, and Leading and Coincident indicators composite index, at 4:30 and 5 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is thinly positive and hesitant, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 77.09 78.00 78.84
Technical support levels: 76.68 75.82 75.00
Trading range: 77.05 - 77.70
Buy at 77.17 SL 76.87 TP 77.57
Already made +19 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 77.11 SL 76.85 TP 77.61, exit sent at 7:43 GMT+1.
Total today +105, yesterday +119, as shown in details at http://www.zifx.com/performance.php.