USD/JPY Open 80.89 High 81.19 Low 80.44 Close 80.86
On Friday Dollar/Yen continued trading within narrow 40 pip range. The currency couple depreciated from 81.19 to 80.78 on Friday, matching the negative Interbank sentiment at almost -39%, closing the week at 80.86. This morning the Dollar descended against the Yen, dipping down to 80.44. On the 1 hour chart the small angle downward channel looks good, while on the 3 hour chart range trading is forming. Break above Friday's top and nearest resistance 81.19 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.44, and consistent break bellow it could strengthen the Yen further down towards next target 79.60. There are no major economic events for Japan today. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 81.19 82.05 82.89
Technical support levels: 80.44 79.60 78.73
Already made +42 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMTGMT+1 Sell USD/JPY at 80.86 SL 81.12 TP 80.36, exit sent at 6:22 GMTGMT+1.
Today so far +98, on Friday +86, as shown in details at http://www.zifx.com/performance-past.php.