USD/JPY Open 77.04 High 77.24 Low 76.70 Close 77.02

On Wednesday Dollar/Yen traded within 50 pip range. The currency couple depreciated from 77.19 to 76.70 yesterday, matching the negative Interbank sentiment at bellow -3%, closing the day at 77.02. This morning the Dollar strengthened against the Yen, climbing to 77.24. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart quotes returned to the wider trading range. Break above today's top and nearest resistance 77.24 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.70, and consistent break bellow it could strengthen the Yen further down towards next target 75.82. Today is Japan Corporate goods price index at 23:50 GMT. 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 calm, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 77.24 78.11 79.00
Technical support levels: 76.70 75.82 75.00
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 77.17 SL 76.91 TP 77.67, exit sent at 8:12 GMT+1.
Total today +125, yesterday +111, as shown in details at http://www.zifx.com/performance.php.

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