USD/JPY Open 80.65 High 81.53 Low 80.49 Close 80.57
On Friday Dollar/Yen decreased significantly with 100 pips on the bad US jobs numbers, matching the negative Interbank sentiment at bellow -78%. The currency couple depreciated from 81.53 to 80.49 on Friday, closing the week at 80.57. This morning the Dollar is trading quietly against the Yen, with movements within Friday's range for now. On the 1 hour chart the small angle upward channel is trying to renew, while on the 3 hour chart quotes are moving within wide trading range. Break above Friday's top and nearest resistance 81.53 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.49, and consistent break bellow it could strengthen the Yen further down towards next target 79.63. Today are Japan Corporate goods price and Tertiary activity indexes at 23:50 GMT. Quotes are moving above the 20 and bellow 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is positive and calm, MACD is negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 81.53 82.40 83.26
Technical support levels: 80.49 79.63 78.80
Trading range: 80.60 - 81.25
Buy at 80.73 SL 80.43 TP 81.13
Already made +7 pips profit on USD/JPY today from the following signal:
5:28 GMT+1 Buy USD/JPY at 80.75 SL 80.49 TP 81.25, exit sent at 7:46 GMT+1.
Total today +124, on Friday +134, as shown in details at http://www.zifx.com/performance.php.