USD/JPY Open 83.43 High 83.94 Low 83.17 Close 83.38
On Friday Dollar/Yen traded within 75 pip range. The currency couple depreciated from 83.94 to 83.17 on Friday, matching the negative Interbank sentiment at almost -11%, closing the week at 83.38. This morning the Dollar weakened further against the Yen, dropping down to 83.01. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart the upward channel still looks good. Break above Friday's top and nearest resistance 83.94 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 83.17, and consistent break bellow it could strengthen the Yen further down towards next target 82.30. There are no major economic events for Japan today. Quotes are moving just bellow the close 20 and bellow the 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 83.94 84.80 85.68
Technical support levels: 83.17 82.30 81.47
Already made +16 pips profit on USD/JPY today from the following sent to clients only signal:
7:47 GMT Sell USD/JPY at 83.17 SL 83.43 TP 82.67, exit sent at 9:59 GMT+1.
Total today +55, on Friday +89, as shown in details at http://www.zifx.com/performance-past.php.