USD/JPY Open 77.62 Low 77.08 High 78.04 Close 77.47
On Thursday Dollar/Yen decreased with almost 80 pips. The currency couple depreciated from 77.87 to 77.08 yesterday, matching the negative money flow sentiment at bellow -15%, closing the day at 77.47. This morning the Dollar lifted against the Yen, ascending up to 78.04.
On the 1 hour chart the downward channel is intact, while on the 3 hour chart new downward channel is forming. Break above today's top and nearest resistance 78.04 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.08, and consistent break bellow it could strengthen the Yen further down towards next target 76.20.
Today was Japan Industrial output at 4:30 GMT.
Quotes are moving above the 20 and bellow bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is neutral and rising, MACD is negative and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 78.04 78.90 79.79
Technical support levels: 77.08 76.20 75.35
Today so far +10 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 77.65 SL 77.91 TP 77.15, exit sent at 6:57 GMT+1.
Today so far +83, yesterday +87, as shown at http://www.zifx.com/performance-past.php.