USD/JPY Open 79.39 High 79.66 Low 79.26 Close 79.40
On Monday Dollar/Yen decreased insignificantly with 35 pips. The currency couple depreciated from 79.66 to 79.31 yesterday, matching the negative money flow sentiment at under -12%, closing the day at 79.40. This morning the Dollar descended slightly further against the Yen, reaching 79.26.
On the 1 hour chart the upward channel is on hold, while on the 3 hour chart quotes are still moving within wide range. Break above yesterday's top and nearest resistance 79.66 would encourage further recovery of the Dollar. Immediate support is today's bottom at 79.27, and consistent break bellow it could strengthen the Yen further down towards next target 78.34.
Today are Japan All industry index and Trade balance, at 4:30 and 23:50 GMT respectively.
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 down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 79.66 80.55 81.40
Technical support levels: 79.26 78.34 77.50
Today so far +12 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 79.34 SL 79.08 TP 79.84, exit sent at 9:20 GMT+1.
Today so far +93, yesterday +61, as shown at http://www.zifx.com/performance.php.