USD/JPY Open 83.65 High 83.98 Low 83.31 Close 83.71
On Tuesday Dollar/Yen continued trading within 50 pip range. The currency couple depreciated from 83.83 to 83.31 yesterday, matching the negative Interbank sentiment at almost -30%, closing the day at 83.71. This morning the Dollar strenghthened further against the Yen, rising up to 83.98. On the 1 hour chart the upward channel is still on hold, while on the 3 hour chart the upward channel has slowed down. Break above yesterday's top and nearest resistance 83.83 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 83.31, and consistent break bellow it could strengthen the Yen further down towards next target 82.46. Today is Japan Trade balance at 23:50. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 83.98 84.84 85.66
Technical support levels: 83.31 82.46 81.60
Already made +10 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 83.67 SL 83.93 TP 83.17, exit sent at 6:58 GMT+1.
Total today +92, yesterday +104, as shown in details at http://www.zifx.com/performance-past.php.