USD/JPY Open 79.85 High 80.12 Low 79.51 Close 79.79
On Wednesday Dollar/Yen resumed increasing with 45 pips. The currency couple appreciated from 79.51 to 79.96 yesterday, matching the positive money flow sentiment at over +11%, closing the day at 79.79. This morning the Dollar ascended further against the Yen, reaching up to 80.12.
On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart wide range trading has formed. Break above today's top and nearest resistance 80.12 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.51, and consistent break bellow it could strengthen the Yen further down towards next target 78.64.
Today is Japan BoJ meeting minutes at 23:50 GMT.
Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 80.12 81.00 81.84
Technical support levels: 79.51 78.64 77.80
Today so far +3 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:17 GMT Buy USD/JPY at 80.03 SL 79.77 TP 80.53, exit sent at 5:46 GMT.
Today so far +68, yesterday +155, as shown at our web site.
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