USD/JPY Open 78.54 High 79.72 Low 78.35 Close 78.48
On Thursday Dollar/Yen traded within 35 pip range. The currency couple depreciated from 79.70 to 78.35 yesterday, matching the negative money flow sentiment at almost -16%, closing the day at 78.48. This morning the Dollar lifted slightly against the Yen, reaching 79.72.
On the 1 hour chart range trading is forming, while on the 3 hour chart quotes are still moving within wider range. Break above today's top and nearest resistance 79.72 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.35, and consistent break bellow it could strengthen the Yen further down towards next target 77.46.
There are no major economic events for Japan today.
Quotes are moving bellow the crossed 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is positive and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 79.72 80.58 81.40
Technical support levels: 78.35 77.46 76.60
Today so far +6 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:17 GMT+1 Sell USD/JPY at 78.60 SL 78.86 TP 78.10, exit sent at 5:41 GMT+1.
Today so far +50, yesterday +68, as shown at http://www.zifx.com/performance-past.php.