USD/JPY Open 77.73 High 78.09 Low 77.53 Close 77.71
On Tuesday Dollar/Yen decreased insignificantly with 50 pips, matching the negative Interbank sentiment at bellow -13%. The currency couple depreciated from 78.09 to 77.59 yesterday, closing the day at 77.71. This morning the Dollar dropped slightly further against the Yen, reaching 77.53. On the 1 hour chart the range trading was broken downwards, while on the 3 hour chart wider range trading is emerging. Break above yesterday's top and nearest resistance 78.09 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.53, and consistent break bellow it could strengthen the Yen further down towards next target 76.70. Today are Japan Machinery orders core at 23:50 GMT. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is thinly positive and inclining upwards, MACD is negative and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 78.09 79.00 79.83
Technical support levels: 77.53 76.70 75.88
Trading range: 77.55 - 78.20
Buy at 77.67 SL 77.37 TP 78.07
Already made +2 pips profit on USD/JPY today from the following sent to clients only signal:
5:23 GMT Sell USD/JPY at 77.57 SL 77.83 TP 77.07, exit sent at 5:34 GMT+1.
Total today +81, yesterday +75, as shown in details at http://www.zifx.com/performance.php.