USD/JPY Open 80.30 High 80.38 Low 79.82 Close 80.28

On Thursday Dollar/Yen increased with 55 pips. The currency couple appreciated from 79.82 to 80.38 yesterday, matching the positive money flow sentiment at over +22%, closing the day at 80.28. This morning the Dollar is trading quietly against the Yen, and within yesterday's range for now.

On the 1 hour chart the upward channel looks good, while on the 3 hour chart new upward channel has formed. Break above yesterday's top and nearest resistance 80.38 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.82, and consistent break bellow it could strengthen the Yen further down towards next target 79.00.

There are no major economic events for Japan today.

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 tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 80.38 81.27 82.10
Technical support levels: 79.82 79.00 78.12

Today so far +6 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 80.05 SL 79.79 TP 80.55, exit sent at 6:30 GMT+1.
Today so far +43, yesterday +170, as shown at our web site.

 

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