USD/JPY Open 79.25 High 79.60 Low 79.13 Close 79.29

On Friday Dollar/Yen continued increasing insignificantly with 30 pips. The currency couple appreciated from 79.13 to 79.43 on Friday, matching the positive money flow sentiment at almost +22%, closing the week at 79.29. This morning the Dollar pushed strongly up against the Yen, reaching 79.86.

On the 1 hour chart upward channel has formed, while on the 3 hour chart quotes are testing the upper limit of the wide range. Break above today's top and nearest resistance 79.86 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 79.13, and consistent break bellow it could strengthen the Yen further down towards next target 78.24.

There are no major economic events for Japan today.

Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating 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 long signals.
Technical resistance levels: 79.86 80.72 81.54
Technical support levels: 79.13 78.24 77.40

Today so far +50 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 79.35 SL 79.09 TP 79.85, TP reached at 10:14 GMT+1.
Today so far +120, on Friday +50, as shown at our web site.
 

Copyright ZIFX.com All rights reserved.