USD/JPY Open 78.75 High 78.99 Low 78.31 Close 78.72
On Tuesday Dollar/Yen increased with 60 pips. The currency couple appreciated from 78.31 to 78.93 yesterday, matching the positive money flow sentiment at over 23%, closing the day at 78.72. This morning the Dollar ascended slightly further against the Yen, climbing to to 78.99.
On the 1 hour chart quotes broke up of the trading range, while on the 3 hour chart quotes are still moving within wider range. Break above today's top and nearest resistance 78.99 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.31, and consistent break bellow it could strengthen the Yen further down towards next target 77.45.
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, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 78.99 80.80 81.74
Technical support levels: 78.31 77.45 76.60
Today so far +22 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:18 GMT+1 Buy USD/JPY at 78.77 SL 78.51 TP 79.27, exit sent at 8:42 GMT+1.
Today so far +88, yesterday +136, as shown at href="http://www.zifx.com/performance.php.