USD/JPY Open 81.08 High 81.71 Low 80.83 Close 81.10
On Thursday Dollar/Yen traded within 50 pip range. The currency couple appreciated from 80.83 to 81.35 yesterday, not matching the negative Interbank sentiment at bellow -54%, closing the day at 81.10. This morning the Dollar lifted further against the Yen, climbing up to 81.71. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart the upward channel looks good. Break above today's top and nearest resistance 81.71 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.83, and consistent break bellow it could strengthen the Yen further down towards next target 80.00. There are no major economic events for Japan today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 81.71 82.57 83.44
Technical support levels: 80.83 80.00 79.12
Already made +29 pips profit on USD/JPY today from the following sent to clients only signal:
5:18 GMT Buy USD/JPY at 81.42 SL 81.16 TP 81.92, exit sent at 7:59 GMT+1.
Total today +165, yesterday +64, as shown in details at http://www.zifx.com/performance-past.php.