USD/JPY Open 80.90 High 81.19 Low 80.70 Close 80.86

On Thursday Dollar/Yen continued trading within narrow 40 pip range. The currency couple depreciated from 81.13 to 80.70 yesterday, matching the negative Interbank sentiment at almost -38%, closing the day at 80.86. This morning the Dollar ascended against the Yen, climbing up to 81.19, than moved back into the range. On the 1 hour chart the small angle downward channel is intact, while on the 3 hour chart range trading is forming. Break above today's top and nearest resistance 81.19 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.70, and consistent break bellow it could strengthen the Yen further down towards next target 79.86. There are no major economic events for Japan today. Quotes are moving just above in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is thinly positive 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: 81.19 82.05 82.89
Technical support levels: 80.70 79.86 79.00
Already made +21 pips profit on USD/JPY today from the following sent to clients only signal:
5:20 GMTGMT+1 Sell USD/JPY at 81.05 SL 81.31 TP 80.55, exit sent at 9:32 GMTGMT+1.
Today so far +86, yesterday +129, as shown in details at http://www.zifx.com/performance-past.php.

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