USD/JPY Open 78.49 High 78.82 Low 78.18 Close 78.42
On Wednesday Dollar/Yen traded within almost 50 pip range. The currency couple depreciated from 78.66 to 78.18 yesterday, matching the negative Interbank sentiment at nearly -20%, closing the day at 78.42. This morning the Dollar strengthened against the Yen, lifting up to 78.82. On the 1 hour chart the upward channel looks good, while on the 3 hour chart quotes broke up of the wide trading range. Break above today's top and nearest resistance 78.82 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.18, and consistent break bellow it could strengthen the Yen further down towards next target 77.30. Today are Japan BoJ meeting minutes at 23:50 GMT. Quotes are moving above the close 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and rising too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 78.82 79.68 80.55
Technical support levels: 78.18 77.30 76.46
Already made +36 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 78.42 SL 78.16 TP 78.92, exit sent at 8:28 GMT+1.
Total today +114, yesterday +83, as shown in details at http://www.zifx.com/performance-past.php.