USD/JPY Open 79.62 High 80.38 Low 79.48 Close 79.66
On Friday Dollar/Yen decreased with 90 pips. The currency couple depreciated from 80.38 to 79.48 on Friday, matching the negative money flow sentiment at bellow -11%, closing the week at 79.66. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of Friday's range for now.
On the 1 hour chart the upward channel still looks good, while on the 3 hour chart wide range trading has formed. Break above Friday's top and nearest resistance 80.38 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 79.48, and consistent break bellow it could strengthen the Yen further down towards next target 78.60.
Today are Japan Unemployment and Industrial output, at 23:30 and 23:30 GMT respectively.
Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 80.38 81.27 82.10
Technical support levels: 79.48 78.60 77.77
Today so far +11 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT Sell USD/JPY at 79.65 SL 79.91 TP 79.15, exit sent at 8:19 GMT.
Today so far +103, on Friday +76, as shown at our web site.
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