USD/JPY Open 81.59 High 81.89 Low 81.08 Close 81.76
On Friday Dollar/Yen resumed increasing with 80 pips. The currency couple appreciated from 81.08 to 81.89 on Friday, not matching the very negative Interbank sentiment at bellow -66%, closing the day at 81.76. This morning the Dollar is correcting deeply downwards against the Yen, with movements still within Friday's range for now. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart the upward channel looks good. Break above Friday's top and nearest resistance 81.89 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 81.08, and consistent break bellow it could strengthen the Yen further down towards next target 80.20. There are no major economic events for Japan today. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term bullish pressure. The value of the RSI indicator is positive and declining, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 81.89 82.73 83.60
Technical support levels: 81.08 80.20 79.36
Already made +33 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Sell USD/JPY at 81.48 SL 81.74 TP 80.98, exit sent at 6:48 GMT+1.
Total today +138, on Friday +165, as shown in details at http://www.zifx.com/performance-past.php.