USD/JPY Open 82.95 High 83.50 Low 81.95 Close 82.87
On Tuesday Dollar/Yen renewed increasing with 110 pips. The currency couple appreciated from 81.95 to 83.09 yesterday, matching the positive Interbank sentiment at bellow +6%, closing the day at 82.87. This morning the Dollar ascended slightly further against the Yen, climbing up to 83.50. On the 1 hour chart the upward channel looks good, while on the 3 hour chart the upward channel is also intact. Break above today's top and nearest resistance 83.50 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 81.95, and consistent break bellow it could strengthen the Yen further down towards next target 81.10. Today were Japan Industrial output and BoJ monthly economic report, at 4:30 and 5 GMT respectively. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light but stable long signals.
Technical resistance levels: 83.50 84.37 85.20
Technical support levels: 81.95 81.10 80.28
Already made +8 pips profit on USD/JPY today from the following sent to clients only signal:
5:19 GMT Buy USD/JPY at 83.25 SL 82.99 TP 83.75, exit sent at 8:14 GMT+1.
Total today +112, yesterday +131, as shown in details at http://www.zifx.com/performance-past.php.