USD/JPY Open 79.76 High 79.89 Low 78.79 Close 79.50

On Friday Dollar/Yen resumed increasing with 85 pips. The currency couple appreciated from 78.79 to 79.65 on Friday, matching the positive Interbank sentiment at nearly +20%, closing the week at 79.50. This morning the Dollar climbed further against the Yen, reaching 79.89. On the 1 hour chart the upward channel looks good, while on the 3 hour new upward channel has formed. Break above today's top and nearest resistance 79.89 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 78.79, and consistent break bellow it could strengthen the Yen further down towards next target 77.90. Today were Japan Leading and Coincident indicators composite index, both at 5 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 79.89 80.75 81.64
Technical support levels: 78.79 77.90 77.00
Already made +12 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMT Buy USD/JPY at 79.52 SL 79.26 TP 80.02, exit sent at 10:07 GMT+1.
Total today +93, on Friday +131, as shown in details at http://www.zifx.com/performance.php.

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