USD/JPY Open 75.95 High 76.28 Low 75.65 Close 75.93
On Thursday Dollar/Yen decreased with 60 pips, matching the negative Interbank sentiment at bellow -19%. The currency couple depreciated from 76.28 to 75.65 yesterday, closing the day at 75.93. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart there is a new small downward channel, while on the 3 hour chart new downward channel is emerging. Break above yesterday's top and nearest resistance 76.28 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 75.65, and consistent break bellow it could strengthen the Yen further down towards next target 74.88. Today are Japan BoJ meeting announcement, Nationwide and Tokyo-area CPI, at 3:30 and 23:30 GMT respectively. Quotes are moving just bellow the twisted and close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is thinly negative and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 76.28 77.17 78.00
Technical support levels: 75.65 74.88 74.00
Trading range: 76.00 - 75.40
Sell at 75.90 SL 76.20 TP 75.50
Already made +7 pips profit on USD/JPY today from the following sent to clients only signal:
5:25 GMT+1 Sell USD/JPY at 75.88 SL 76.14 TP 75.38, exit sent at 8:49 GMT+1.
Total today +90, yesterday +156, as shown in details at http://www.zifx.com/performance.php.