USD/JPY Open 76.72 High 77.33 Low 76.55 Close 76.69
On Thursday Dollar/Yen jumped up with almost 80 pips, than returned to previous levels, not matching the negative Interbank sentiment at bellow -56%. The currency couple appreciated from 76.55 to 77.33 yesterday, closing the day at 76.69. This morning the Dollar is trading hesitantly against the Yen, and at the lower end of yesterday's range for now. On the 1 hour chart trading is still caught in a range, while on the 3 hour chart quotes are moving quietly in narrow range. Break above yesterday's top and nearest resistance 77.33 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.55, and consistent break bellow it could strengthen the Yen further down towards next target 75.72. There are no major economic events for Japan today. Quotes are moving just bellow the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and calm, MACD is neutral and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 77.33 78.19 79.00
Technical support levels: 76.55 75.72 74.90
Trading range: 76.85 - 76.25
Sell at 76.75 SL 77.05 TP 76.35
Already made +10 pips profit on USD/JPY today from the following sent to clients only signal:
5:26 GMT+1 Sell USD/JPY at 76.80 SL 77.06 TP 76.30, exit sent at 9:06 GMT+1.
Total today +95, yesterday +115, as shown in details http://www.zifx.com/performance.php.