USD/JPY Open 82.35 High 82.79 Low 81.96 Close 82.27
On Monday Dollar/Yen traded within 50 pip range. The currency couple depreciated from 82.61 to 82.11 yesterday, matching the negative Interbank sentiment at over -34%, closing the day at 82.43. This morning the Dollar descended slightly further against the Yen, dropping down to 81.96, than jumped up to 82.79. On the 1 hour chart the upward channel has resumed, while on the 3 hour chart the upward channel looks good. Break above today's top and nearest resistance 82.79 would encourage further recovery of the Dollar. Immediate support is today's bottom at 81.96, and consistent break bellow it could strengthen the Yen further down towards next target 81.10. Today was Japan BoJ meeting announcement at 3:30 GMT. Quotes are moving above the close 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is positive and calm, MACD is neutral 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: 82.79 83.64 84.50
Technical support levels: 81.96 81.10 80.28
Already made +50 pips profit on USD/JPY today from the following sent to clients only signal:
5:21 GMT Buy USD/JPY at 82.05 SL 81.79 TP 82.55, TP reached at 8:30 GMT+1.
Total today +131, yesterday +63, as shown in details at http://www.zifx.com/performance-past.php.