USD/JPY Open 76.84 High 77.03 Low 76.57 Close 76.84
On Friday Dollar/Yen decreased with 45 pips. The currency couple depreciated from 77.03 to 76.57 on Friday, not matching the positive Interbank sentiment at above +16%, closing the week at 76.84. This morning the Dollar is trading hesitantly against the Yen, but still within Friday's range for now. On the 1 hour chart new downward channel has emerged, while on the 3 hour chart wide range trading has formed. Break above Friday's top and nearest resistance 77.03 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.57, and consistent break bellow it could strengthen the Yen further down towards next target 75.70. Today were Japan All industry index, Leading and Coincident indicators composite index, at 4:30 and 5 GMT respectively. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and inclining upwards, MACD is negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 77.03 77.90 78.73
Technical support levels: 76.57 75.70 74.88
Trading range: 77.05 - 76.45
Sell at 76.95 SL 77.25 TP 76.55
Already made +5 pips profit on USD/JPY today from the following sent to clients only signal:
5:25 GMT Sell USD/JPY at 76.83 SL 77.09 TP 76.33, exit sent at 7:21 GMT+1.
Total today +145, on Friday +181, as shown in details at http://www.zifx.com/performance.php.