USD/JPY Open 76.80 High 76.90 Low 76.65 Close 76.79
On Wednesday Dollar/Yen traded within even narrower 25 pip range, not matching the negative Interbank sentiment at bellow -4%. The currency couple appreciated from 76.65 to 76.90 yesterday, closing the day at 76.79. This morning the Dollar is trading quietly against the Yen again, with movements within yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are still caught in narrow range. Break above yesterday's top and nearest resistance 76.90 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.65, and consistent break bellow it could strengthen the Yen further down towards next target 75.77. Today were Japan Leading and Coincident indicators composite index, both at 5 GMT. Quotes are moving about in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is thinly negative and hesitant, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 76.90 77.76 78.60
Technical support levels: 76.65 75.77 74.90
Trading range: 76.90 - 76.25
Sell at 76.78 SL 77.08 TP 76.38
Already made +10 pips profit on USD/JPY today from the following sent to clients only signal:
5:26 GMT+1 Sell USD/JPY at 76.77 SL 77.03 TP 76.27, exit sent at 5:48 GMT+1.
Total today +134, yesterday +105, as shown in details at http://www.zifx.com/performance.php.