USD/JPY Open 81.27 High 81.39 Low 80.24 Close 81.11
On Wednesday Dollar/Yen increased significantly with 115 pips. The currency couple appreciated from 80.24 to 81.39 yesterday, not matching the negative Interbank sentiment at almost -51%, closing the day at 81.11. This morning the Dollar is trading quietly against the Yen, with movements in the upper half of yesterday's range for now. On the 1 hour chart the upward channel is still on hold, while on the 3 hour the upward channel has slowed down. Break above yesterday's top and nearest resistance 81.39 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.24, and consistent break bellow it could strengthen the Yen further down towards next target 79.42. Today are Japan Nationwide and Tokyo-area CPI, Unemployment, and Household spending, all at 23:30 GMT. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is negative and declining, MACD is positive and tranquil, while CCI is almost in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 81.39 82.14 83.00
Technical support levels: 80.24 79.42 78.55
Already made +8 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Sell USD/JPY at 80.91 SL 81.17 TP 80.41, exit sent at 5:22 GMT+1.
Total today +64, yesterday +51, as shown in details at http://www.zifx.com/performance-past.php.