USD/JPY Open 80.73 High 81.18 Low 80.53 Close 80.78

On Monday Dollar/Yen increased with 55 pips, not matching the negative Interbank sentiment at under -74%. The currency couple appreciated from 80.53 to 81.10 yesterday, closing the day at 80.78. This morning the Dollar ascended little further against the Yen, climbing up to 81.18. On the 1 hour chart new small angle upward channel is emerging, while on the 3 hour chart quotes are moving within wide trading range. Break above today's top and nearest resistance 81.18 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.53, and consistent break bellow it could strengthen the Yen further down towards next target 79.70. There are no major economic events for Japan today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 81.18 82.00 82.87
Technical support levels: 80.53 79.70 78.83

Trading range: 80.95 - 81.60
Trend: Upward
Buy at 81.09 SL 80.79 TP 81.49

Already made +2 pips profit on USD/JPY today from the following signal:
5:29 GMT+1 Sell USD/JPY at 81.01 SL 81.27 TP 80.51, exit sent at 5:33 GMT+1.
Total today +113, yesterday +129, as shown in details at http://www.zifx.com/performance.php.

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