USD/JPY Open 81.25 High 81.41 Low 80.79 Close 81.23
On Thursday Dollar/Yen increased with 60 pips, not matching the negative Interbank sentiment at bellow -79%. The currency couple appreciated from 80.79 to 81.41 yesterday, closing the day at 81.23. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart new small angle upward channel has emerged, while on the 3 hour chart quotes are moving within wide trading range. Break above yesterday's top and nearest resistance 81.41 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.79, and consistent break bellow it could strengthen the Yen further down towards next target 79.87. 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 declining, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 81.41 82.28 83.17
Technical support levels: 80.79 79.87 79.00
Trading range: 81.15 - 81.80
Buy at 81.28 SL 80.98 TP 81.68
Already made +10 pips profit on USD/JPY today from the following signal:
5:29 GMT+1 Buy USD/JPY at 81.26 SL 81.00 TP 81.76, exit sent at 7:52 GMT+1.
Total today +134, yesterday +111, as shown in details at http://www.zifx.com/performance.php.