USD/JPY Open 76.26 High 76.42 Low 76.03 Close 76.25

On Tuesday Dollar/Yen traded within narrow 30 pip range. The currency couple depreciated from 76.42 to 76.13 yesterday, matching the negative Interbank sentiment at bellow -13%, closing the day at 76.25. This morning the Dollar weakened slightly further against the Yen, reaching 76.03. On the 1 hour chart new downward channel has formed, while on the 3 hour chart quotes broke down of the trading range. Break above yesterday's top and nearest resistance 76.42 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 76.13, and consistent break bellow it could strengthen the Yen further down towards next target 75.30. 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 calm, MACD is negative and tranquil too, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 76.42 77.55 78.61
Technical support levels: 76.03 75.18 74.30

Trading range: 76.20 - 75.60
Trend: Downward
Sell at 76.10 SL 76.40 TP 75.70

Already made +17 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 76.20 SL 76.46 TP 75.70, exit sent at 9:37 GMT+1.
Total today +135, yesterday +97, as shown in details at http://www.zifx.com/performance.php.

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