USD/JPY Open 77.21 High 77.27 Low 76.49 Close 77.00 

On Friday Dollar/Yen increased insignificantly with 70 pip, not matching the negative Interbank sentiment at bellow -48%. The currency couple appreciated from 76.49 to 77.20 on Friday, closing the week at 77.00. This morning the Dollar advanced little further against the Yen, climbing up to 77.27, than declined. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are still caught in narrow range. Break above today's top and nearest resistance 77.27 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 76.49, and consistent break bellow it could strengthen the Yen further down towards next target 75.65. There are no major economic events for Japan today. Quotes are moving bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term bearish and medium term bullish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 77.27 78.11 79.00
Technical support levels: 76.49 75.65 74.82

Trading range: 77.05 - 76.40
Trend: Downward
Sell at 76.94 SL 77.24 TP 76.54
 

Already made +23 pips profit on USD/JPY today from the following sent to clients only signal:
5:28 GMT+1 Sell USD/JPY at 76.98 SL 77.24 TP 76.48, exit sent at 8:15 GMT+1.
Total today +107, on Friday +114, as shown in details at http://www.zifx.com/performance.php.

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