Trading range: 81.10 - 80.45
Trend: Downward
Sell at 80.98 SL 81.28 TP 80.58
USD/JPY Open 81.08 High 81.19 Low 80.73 Close 81.06

On Tuesday Dollar/Yen increased insignificantly with 45 pips, not matching the negative Interbank sentiment at bellow -76%. The currency couple appreciated from 80.73 to 81.19 yesterday, closing the day at 81.06. This morning the Dollar corrected slightly down against the Yen, but movements are within yesterday's range for now. On the 1 hour chart new small angle upward channel has emerged, while on the 3 hour chart quotes are moving within wide trading range. Break above yesterday's top and nearest resistance 81.19 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.73, and consistent break bellow it could strengthen the Yen further down towards next target 79.87. Today are Japan Leading and Coincident indicators composite index, and Machinery orders, at 5 and 23:50 GMT respectively. Quotes are moving just bellow the 20 and above the 50 EMA, which are very close, on the 1 hour chart, indicating neutral market. The value of the RSI indicator is thinly negative and calm, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 81.19 82.00 82.87
Technical support levels: 80.73 79.87 79.00

Trading range: 81.10 - 80.45
Trend: Downward
Sell at 80.98 SL 81.28 TP 80.58

Already made +7 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Sell USD/JPY at 80.86 SL 81.12 TP 80.36, exit sent at 7:38 GMT+1.
Total today +120, yesterday +113, as shown in details at http://www.zifx.com/performance.php.

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