USD/JPY Open 83.15 High 83.38 Low 82.60 Close 83.14
On Monday Dollar/Yen continued increasing with 70 pips. The currency couple appreciated from 82.64 to 83.38 yesterday, not matching the negative Interbank sentiment at bellow -40%, closing the day at 83.14. This morning the Dollar weakened slightly against the Yen, moving back later into yesterday's range. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. Break above yesterday's top and nearest resistance 83.38 would encourage further recovery of the Dollar. Immediate support is today's bottom at 82.60, and consistent break bellow it could strengthen the Yen further down towards next target 81.80. Today is Japan Retail sales at 23:50 GMT. Quotes are moving just bellow the 20 and in line with 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term neutral pressure. The value of the RSI indicator is negative and calm, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 83.38 84.25 85.09
Technical support levels: 82.60 81.77 80.92
Already made +35 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMT Sell USD/JPY at 82.95 SL 83.21 TP 82.45, exit sent at 8:32 GMTGMT+1.
Total today +127, yesterday +83, as shown in details at http://www.zifx.com/performance-past.php.