USD/JPY Open 82.51 High 83.47 Low 82.31 Close 82.56
On Thursday Dollar/Yen continued decreasing with 115 pips. The currency couple depreciated from 83.47 to 82.31 yesterday, matching the negative Interbank sentiment at bellow -29%, closing the day at 82.56. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is on hold. Break above yesterday's top and nearest resistance 83.47 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 82.31, and consistent break bellow it could strengthen the Yen further down towards next target 81.40. There are no major economic events for Japan today. Quotes are moving in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is thinly positive and calm, MACD is negative and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 83.47 84.35 85.20
Technical support levels: 82.31 81.40 80.56
Already made +12 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMT Sell USD/JPY at 82.78 SL 83.04 TP 82.28, exit sent at 7:02 GMT+1.
Total today +164, yesterday +134, as shown in details at http://www.zifx.com/performance-past.php.