USD/JPY Open 79.32 High 79.52 Low 78.98 Close 79.25

On Thursday Dollar/Yen continued increasing with 50 pips. The currency couple appreciated from 78.98 to 79.52 yesterday, matching the positive money flow sentiment at almost +27%, closing the day at 79.25. This morning the Dollar is trading quietly against the Yen, and within yesterday's range for now.

On the 1 hour chart quotes broke up the trading range, while on the 3 hour chart quotes are moving within wider range. Break above yesterday's top and nearest resistance 79.52 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 78.98, and consistent break bellow it could strengthen the Yen further down towards next target 78.10.

Today were Japan All industry and Leading indicators composite indexes, at 4:30 and 5 GMT respectively.

Quotes are moving just above the 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 inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 79.52 80.40 81.24
Technical support levels: 78.98 78.10 77.27

Today so far +3 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:17 GMT+1 Buy USD/JPY at 79.33 SL 79.07 TP 79.83, exit sent at 6:23 GMT+1.
Today so far +30, yesterday +138, as shown at our web site.

 

Copyright ZIFX.com All rights reserved.