USD/JPY Open 80.96 High 81.56 Low 80.33 Close 80.83 On Tuesday Dollar/Yen increased with almost 70 pips. The currency couple appreciated from 80.33 to 81.01 yesterday, matching the positive Interbank sentiment at nearly +5%, closing the day at 80.83. This morning the Dollar strengthened further against the Yen, ascending to 81.56. On the 1 hour chart the small angle downward channel is on hold, while on the 3 hour chart range trading is forming. Break above today's top and nearest resistance 81.56 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.33, and consistent break bellow it could strengthen the Yen further down towards next target 79.48. Today is Japan Trade balance at 23:50 GMT. Quotes are moving above the twisted 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 thinly crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 81.56 82.44 83.27
Technical support levels: 80.33 79.48 78.60
Already made +24 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMTGMT+1 Buy USD/JPY at 81.32 SL 81.06 TP 81.82, exit sent at 9:50 GMTGMT+1.
Total today +77, yesterday +69, as shown in details at