USD/JPY Open 78.07 High 78.16 Low 77.89 Close 78.04
On Thursday Dollar/Yen decreased insignificantly with under 30 pips, matching the negative Interbank sentiment at nearly -17%. The currency couple depreciated from 78.16 to 77.89 yesterday, closing the day at 78.04. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now. On the 1 hour chart the upward impulse still holds quotes high, while on the 3 hour chart new upper level range trading has formed. Break above yesterday's top and nearest resistance 78.16 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 77.89, and consistent break bellow it could strengthen the Yen further down towards next target 77.00. There are no major economic events for Japan today. Quotes are moving in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is negative and calm, MACD is neutral and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 78.16 79.00 79.87
Technical support levels: 77.89 77.00 76.18
Trading range: 78.15 - 77.55
Sell at 78.05 SL 78.35 TP 77.65
Already made +5 pips profit on USD/JPY today from the following sent to clients only signal:
6:07 GMT Buy USD/JPY at 78.06 SL 77.80 TP 78.56, exit sent at 6:23 GMT+1.
Total today +131, yesterday +123, as shown in details at http://www.zifx.com/performance.php.