USD/JPY Open 79.93 High 80.65 Low 79.85 Close 79.96
On Thursday Dollar/Yen corrected downwards with 50 pips. The currency couple depreciated from 80.34 to 79.85 yesterday, matching the negative Interbank sentiment at almost -65%, closing the day at 80.26. This morning the Dollar strengthened against the Yen, climbing up to 80.65. On the 1 hour chart the upward channel extended, while on the 3 hour the new upward channel is intact. Break above today's top and nearest resistance 80.65 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.85, and consistent break bellow it could strengthen the Yen further down towards next target 78.90. There are no major economic events for Japan today. Quotes are moving just above the twisted and even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and inclining upwards too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 80.65 81.50 82.37
Technical support levels: 79.85 78.90 78.00
Already made +34 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Buy USD/JPY at 80.31 SL 80.05 TP 80.81, exit sent at 7:21 GMT+1.
Total today +153, yesterday +124, as shown in details at http://www.zifx.com/performance-past.php.