USD/JPY Open 76.61 High 76.97 Low 76.30 Close 76.56
On Thursday Dollar/Yen continued decreasing insignificantly with 25 pips, not exactly matching the negative Interbank sentiment at bellow -72%. The currency couple depreciated from 76.71 to 76.44 yesterday, closing the day at 76.56. This morning the Dollar jumped up against the Yen, reaching 76.97, than dropped down to 76.30. On the 1 hour chart quotes are moving within very narrow trading range, while on the 3 hour chart quotes are still fighting the lower limit of the downward channel. Break above today's top and nearest resistance 76.97 would encourage further recovery of the Dollar. Immediate support is today's bottom at 76.30, and consistent break bellow it could strengthen the Yen further down towards next target 75.43. Today is Japan All industry index at 4:30 GMT. Quotes are moving just bellow the almost even 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 neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 76.97 77.83 78.69
Technical support levels: 76.30 75.43 74.60
Trading range: 76.65 - 76.00
Sell at 76.51 SL 76.81 TP 76.11
Already made +15 pips profit on USD/JPY today from the following signal:
5:27 GMT+1 Sell USD/JPY at 76.52 SL 76.78 TP 76.02, exit sent at 8:40 GMT+1.
Total today +112, yesterday +162, as shown in details at http://www.zifx.com/performance.php.