USD/JPY Open 80.62 High 81.57 Low 80.58 Close 80.87
On Tuesday Dollar/Yen continued decreasing with 100 pips. The currency couple depreciated from 81.57 to 81.58 yesterday, matching the negative Interbank sentiment at almost -66%, closing the day at 80.87. This morning the Dollar is trading quietly against the Yen, moving at the lower end of yesterday's range for now. On the 1 hour chart the upward channel is on hold, while on the 3 hour chart the upward channel has slowed down. Break above yesterday's top and nearest resistance 81.57 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.58, and consistent break bellow it could strengthen the Yen further down towards next target 79.70. Today is Japan Leading and Coincident indicators composite indexes, both at 5 GMT. Quotes are moving in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term slim bearish pressure. The value of the RSI indicator is positive and calm, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 81.57 82.44 83.28
Technical support levels: 80.58 79.70 78.84
Already made +15 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Sell USD/JPY at 80.74 SL 81.00 TP 80.24, exit sent at 8:52 GMT+1.
Total today +59, yesterday +160, as shown in details at http://www.zifx.com/performance-past.php.