USD/JPY 82.85 - 1 April 2011
USD/JPY Open 83.36 High 83.74 Low 82.55 Close 83.12
On Thursday Dollar/Yen continued increasing insignificantly with nearly 80 pips, as radiation crises in Japan continues, not matching the very negative Interbank sentiment at bellow -63%. The currency couple appreciated from 82.55 to 83.30 yesterday, closing the day at 83.12. This morning the Dollar strengthened further against the Yen, reaching up to 83.74, which level is holding the upward impulses for now. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart trading remains within the the wide range. Break above today's top and nearest resistance 83.74 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 82.55, and consistent break bellow it could strengthen the Yen further down towards next target 81.62. 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 positive and calm, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.
Technical resistance levels: 83.74 84.60 85.51
Technical support levels: 82.55 81.62 80.70
Trading range: 83.50 - 84.15
Buy at 83.64 SL 83.34 TP 84.04
Already made +9 pips profit on USD/JPY today from the following signal:
5:29 GMT+1 Buy USD/JPY at 83.56 SL 83.30 TP 84.06, exit sent at 8:19 GMT+1.
Total today +95, yesterday +133, as shown in details at http://www.zifx.com/performance.php.