USD/JPY Open 78.75 High 78.84 Low 78.48 Close 78.73
On Monday Dollar/Yen continued trading within narrow almost 30 pip range. The currency couple appreciated from 78.55 to 78.84 yesterday, matching the neutral money flow sentiment at around -8%, closing the day at 78.73. This morning the Dollar descended slightly against the Yen, reaching 78.48.
On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are still moving within wider range. Break above yesterday's top and nearest resistance 78.84 would encourage further recovery of the Dollar. Immediate support is today's bottom at 78.48, and consistent break bellow it could strengthen the Yen further down towards next target 77.56.
There are no major economic events for Japan today.
Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 78.84 79.70 80.54
Technical support levels: 78.48 77.56 76.70
Today so far +5 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:14 GMT+1 Sell USD/JPY at 78.54 SL 78.80 TP 78.04, exit sent at 6:04 GMT+1.
Today so far +65, yesterday +55, as shown at http://www.zifx.com/performance-past.php.