USD/JPY Open 79.01 High 79.36 Low 78.58 Close 78.97
On Wednesday Dollar/Yen decreased with 50 pips. The currency couple depreciated from 79.08 to 78.58 yesterday, than resumed rising, matching the positive money flow sentiment at bellow 21%, closing the day at 78.97. This morning the Dollar ascended further against the Yen, climbing to 79.36.
On the 1 hour chart quotes broke up of the trading range, while on the 3 hour chart quotes are still moving within wider range. Break above today's top and nearest resistance 79.36 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.58, and consistent break bellow it could strengthen the Yen further down towards next target 77.70.
Today is Japan Marine Day.
Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 79.36 80.20 81.05
Technical support levels: 78.58 77.70 76.87
Today so far +13 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 79.23 SL 78.97 TP 79.73, exit sent at 7:02 GMT+1.
Today so far +101, yesterday +88, as shown at http://www.zifx.com/performance.php.