USD/JPY Open 76.92 High 77.38 Low 76.78 Close 76.91
On Friday Dollar/Yen decreased with 40 pips. The currency couple depreciated from 77.38 to 76.96 on Friday, not matching the positive Interbank sentiment at almost +20%, closing the week at 77.10. This morning the Dollar descended further against the Yen, reaching down to 76.78. On the 1 hour chart new downward channel is on hold, while on the 3 hour chart quotes are holding within the wide trading range. Break above Friday's top and nearest resistance 77.38 would encourage further recovery of the Dollar. Immediate support is today's bottom at 76.78, and consistent break bellow it could strengthen the Yen further down towards next target 75.90. Today is Japan Coming of Age Day. Quotes are moving bellow the crossed 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is neutral and tranquil too, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 77.38 78.24 79.10
Technical support levels: 76.78 75.90 75.00
Trading range: 76.95 - 76.35
Sell at 76.85 SL 77.15 TP 76.45
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 76.93 SL 77.19 TP 76.43, exit sent at 7:58 GMT+1.
Total today +54, on Friday +80, as shown in details at http://www.zifx.com/performance.php.