USD/JPY Open 76.65 High 76.93 Low 76.46 Close 76.62
On Tuesday Dollar/Yen decreased insignificantly with almost 50 pips, matching the negative Interbank sentiment at bellow -66%. The currency couple depreciated from 76.93 to 76.46 yesterday, closing the day at 76.62. This morning the Dollar is trading hesitantly against the Yen, with movements within yesterday's range for now. On the 1 hour chart quotes are still moving within narrow trading range, while on the 3 hour chart quotes are testing the lower limit of the downward channel. Break above yesterday's top and nearest resistance 76.93 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.46, and consistent break bellow it could strengthen the Yen further down towards next target 75.60. There are no major economic events for Japan today. Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and tranquil, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 76.93 77.79 78.64
Technical support levels: 76.46 75.60 74.73
Trading range: 76.65 - 76.00
Sell at 76.53 SL 76.83 TP 76.13
Already made +18 pips profit on USD/JPY today from the following signal:
5:27 GMT+1 Sell USD/JPY at 76.68 SL 76.94 TP 76.18, exit sent at 10:07 GMT+1.
Total today +123, yesterday +160, as shown in details at http://www.zifx.com/performance.php.