USD/JPY Open 78.13 High 78.34 Low 77.93 Close 78.07

On Wednesday Dollar/Yen decreased insignificantly with 40 pips, matching the negative Interbank sentiment at nearly -17%. The currency couple depreciated from 78.34 to 77.93 yesterday, closing the day at 78.07. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now. On the 1 hour chart the upward impulse still holds quotes high, while on the 3 hour chart the upward channel new upper level range trading is forming. Break above yesterday's top and nearest resistance 78.34 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.93, and consistent break bellow it could strengthen the Yen further down towards next target 77.10. Today is Japan National Culture Day. Quotes are moving 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 has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 78.34 79.19 80.00
Technical support levels: 77.93 77.10 76.28

Trading range: 78.15 - 77.50
Trend: Downward
Sell at 78.03 SL 78.30 TP 77.63

Already made +4 pips profit on USD/JPY today from the following sent to clients only signal:
5:25 GMT Sell USD/JPY at 78.03 SL 78.29 TP 77.53, exit sent at 5:42 GMT+1.
Total today +123, yesterday +95, as shown in details at http://www.zifx.com/performance.php.

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