USD/JPY Open 76.67 High 78.13 Low 76.95 Close 77.65

On Tuesday Dollar/Yen increased on poor Japanese economy signs with 90 pips. The currency couple appreciated from 76.95 to 77.85 yesterday, not matching the negative Interbank sentiment at nearly -1%, closing the day at 77.01. This morning the Dollar ascended further against the Yen, climbing up to 78.13. On the 1 hour chart quotes broke up of the trading range, while on the 3 hour chart new wide range trading has formed. Break above today's top and nearest resistance 78.13 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.95, and consistent break bellow it could strengthen the Yen further down towards next target 76.10. There are no major economic events for Japan today. 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 long signals.
Technical resistance levels: 78.13 79.00 79.84
Technical support levels: 76.95 76.10 75.24

Trading range: 77.95 - 78.60
Trend: Upward
Buy at 78.08 SL 77.78 TP 78.48

Already made +21 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 78.89 SL 78.63 TP 79.39, exit sent at 9:46 GMT+1.
Total today +80, yesterday +135, as shown in details at http://www.zifx.com/performance.php.

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