USD/JPY Open 80.84 High 80.98 Low 80.24 Close 80.86

On Monday Dollar/Yen increased insignificantly with just over 70 pips, matching the positive Interbank sentiment at over +14%. The currency couple appreciated from 80.24 to 80.98 yesterday, closing the day at 80.86. This morning the Dollar is trading quietly against the Yen, and at the upper side of yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart quotes are moving within wider trading range. Break above yesterday's top and nearest resistance 80.98 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.24, and consistent break bellow it could strengthen the Yen further down towards next target 79.33. Today is Japan Industrial output at 23:50 GMT. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is positive and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 80.98 81.83 82.70
Technical support levels: 80.24 79.33 78.44

Trading range: 80.65 - 81.30
Trend: Upward
Buy at 80.76 SL 80.46 TP 81.16

Already made +7 pips profit on USD/JPY today from the following signal:
5:28 GMT+1 Buy USD/JPY at 80.80 SL 80.54 TP 81.30, exit sent at 7:50 GMT+1.
Total today +104, yesterday +122, as shown in details at http://www.zifx.com/performance.php.

ZIFX.com