USD/JPY Open 82.90 High 83.19 Low 82.24 Close 82.87
On Wednesday Dollar/Yen continued increasing with 60 pips. The currency couple appreciated from 82.60 to 83.19 yesterday, not matching the negative Interbank sentiment at bellow -43%, closing the day at 82.87. This morning the Dollar weakened against the Yen, losing all earlier gains this week, dropping down to 82.24. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. Break above yesterday's top and nearest resistance 83.19 would encourage further recovery of the Dollar. Immediate support is today's bottom at 82.24, and consistent break bellow it could strengthen the Yen further down towards next target 81.40. Today are Japan Nationwide and Tokyo-area CPI, Unemployment, Household spending, and Industrial output, at 23:30 and 23:50 GMT respectively. 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 hesitant, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 83.19 84.00 84.88
Technical support levels: 82.24 81.40 80.54
Already made +45 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMT Sell USD/JPY at 82.68 SL 82.94 TP 82.18, exit sent at 8:03 GMTGMT+1.
Total today +164, yesterday +127, as shown in details at http://www.zifx.com/performance-past.php.