USD/JPY Open 76.90 High 76.65 Low 77.16 Close 76.91
On Friday Dollar/Yen increased with 35 pips. The currency couple appreciated from 76.65 to 77.00 on Friday, matching the positive Interbank sentiment at over +5%, closing the week at 76.91. This morning the Dollar lifter further against the Yen, climbing up to 77.16. On the 1 hour chart new range trading has formed, while on the 3 hour chart quotes are held within wider trading range. Break above today's top and nearest resistance 77.16 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.65, and consistent break bellow it could strengthen the Yen further down towards next target 75.80. Today is Japan Tertiary activity index at 23:50 GMT. 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 neutral and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 77.16 78.00 78.88
Technical support levels: 76.65 75.80 74.89
Trading range: 76.95 - 76.30
Sell at 76.82 SL 77.12 TP 76.42
Already made +5 pips profit on USD/JPY today from the following sent to clients only signal:
5:21 GMT Buy USD/JPY at 76.81 SL 76.55 TP 77.31, exit sent at 7:08 GMT+1.
Total today +94, on Friday +136, as shown in details at http://www.zifx.com/performance.php.