USD/JPY Open 77.80 High 78.16 Low 77.61 Close 77.73
On Friday Dollar/Yen decreased insignificantly with 35 pips. The currency couple depreciated from 77.96 to 77.61 on Friday, matching the negative Interbank sentiment at bellow -5%, closing the week at 77.73. This morning the Dollar strengthened against the Yen, climbing up to 78.16. On the 1 hour chart quotes are moving at the upper end of the trading range, while on the 3 hour chart trading is still within wider range. Break above today's top and nearest resistance 78.16 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 77.61, and consistent break bellow it could strengthen the Yen further down towards next target 76.74. There are no major economic events for Japan today. 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 positive and declining, MACD is neutral and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 78.16 79.00 80.89
Technical support levels: 77.61 76.74 76.00
Trading range: 77.75 - 78.40
Buy at 77.87 SL 77.57 TP 78.27
Already made +6 pips profit on USD/JPY today from the following sent to clients only signal:
5:21 GMT Buy USD/JPY at 77.92 SL 77.66 TP 78.42, exit sent at 6:00 GMT+1.
Total today +49, on Friday +107, as shown in details at http://www.zifx.com/performance.php.