USD/JPY Open 80.30 High 80.83 Low 79.16 Close 80.24

On Monday Dollar/Yen decreased with 70 pips, not matching the positive Interbank sentiment at nearly +6%. The currency couple depreciated from 80.83 to 80.10 yesterday, closing the day at 80.24. This morning the Dollar plummeted against the Yen, dropping down to 79.16. On the 1 hour chart range trading has emerged, while on the 3 hour chart quotes are moving within wide trading range. Break above yesterday's top and nearest resistance 80.83 would encourage further recovery of the Dollar. Immediate support is today's bottom at 79.16, and consistent break bellow it could strengthen the Yen further down towards next target 78.30. Today was Japan BoJ meeting announcement at 3:30 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short signals.
Technical resistance levels: 80.83 81.70 82.56
Technical support levels: 79.16 78.30 77.53

Trading range: 79.90 - 79.25
Trend: Downward
Sell at 79.78 SL 80.08 TP 79.38

Already made +28 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Sell USD/JPY at 80.11 SL 80.37 TP 79.61, exit sent at 7:39 GMT+1.
Total today +178, yesterday +124, as shown in details at http://www.zifx.com/performance.php.

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