USD/JPY Open 81.14 High 81.67 Low 80.85 Close 81.17
On Monday Dollar/Yen decreased with 70 pips. The currency couple depreciated from 81.67 to 80.96 yesterday, not matching the positive Interbank sentiment at almost +4%, closing the day at 81.17. This morning the Dollar weakened further against the Yen, dropping down to 80.85, later recovered. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. Break above yesterday's top and nearest resistance 81.67 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.85, and consistent break bellow it could strengthen the Yen further down towards next target 80.00. There are no major economic events for Japan today. Quotes are moving just above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium term bearish pressure. The value of the RSI indicator is neutral and hesitant, MACD is negative and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 81.67 82.55 83.40
Technical support levels: 80.85 80.00 79.18
Total today +8 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT+1 Sell USD/JPY at 80.93 SL 81.19 TP 80.43, exit sent at 6:12 GMT+1.
Total today +39, yesterday +115, as shown in details athttp://www.zifx.com/performance-past.php.