USD/JPY Open 77.65 High 77.87 Low 77.32 Close 77.63

On Thursday Dollar/Yen decreased insignificantly with 35 pips, matching the negative Interbank sentiment at bellow -16%. The currency couple depreciated from 77.87 to 77.50 yesterday, closing the day at 77.63. This morning the Dollar weakened slightly further against the Yen, descending down to 77.32. On the 1 hour chart the narrow range trading was broken downwards, while on the 3 hour chart wide range trading is emerging. Break above yesterday's top and nearest resistance 77.87 would encourage further recovery of the Dollar. Immediate support is today's bottom at 77.32, and consistent break bellow it could strengthen the Yen further down towards next target 76.63. There are no major economic events for Japan today. Quotes are moving just the close and twisted 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 77.87 78.70 79.56
Technical support levels: 77.32 76.43 75.60

Trading range: 77.55 - 76.90
Trend: Downward
Sell at 77.41 SL 77.71 TP 77.01

Already made +24 pips profit on USD/JPY today from the following sent to clients only signal:
5:23 GMT Buy Sell USD/JPY at 77.56 SL 77.82 TP 77.06, exit sent at 8:41 GMT+1.
Total today +106, yesterday +130, as shown in details at http://www.zifx.com/performance.php.

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