USD/JPY Open 81.56 High 81.86 Low 81.05 Close 81.48
On Monday Dollar/Yen traded within 50 pip range. The currency couple appreciated from 81.68 to 81.19 yesterday, matching the negative Interbank sentiment at under -41%, closing the day at 81.48. This morning the Dollar strengthened against the Yen, climbing to 81.86, than weakened down to 81.05. On the 1 hour chart the small angle downward channel looks good, while on the 3 hour chart the upward channel has turned into range trading. Break above today's top and nearest resistance 81.86 would encourage further recovery of the Dollar. Immediate support is today's bottom at 81.05, and consistent break bellow it could strengthen the Yen further down towards next target 80.20. Today are Japan BoJ meeting announcement and Machinery orders, at 4:30 and 23:50 GMT respectively. Quotes are moving just bellow the twisted 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 negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 81.86 82.70 83.58
Technical support levels: 81.05 80.20 79.32
Already made +47 pips profit on USD/JPY today from the following sent to clients only signal:
5:18 GMT Sell USD/JPY at 81.52 SL 81.78 TP 81.02, exit sent at 8:31 GMTGMT+1.
Today so far +91, yesterday +100, as shown in details at http://www.zifx.com/performance-past.php.