USD/JPY Open 78.33 Low 77.51 High 78.48 Close 78.38
On Friday Dollar/Yen increased with 50 pips. The currency couple appreciated from 77.87 to 78.40 on Friday, matching the positive money flow sentiment at above 11%, closing the week at 78.38. This morning the Dollar lifted slightly further against the Yen, ascending up to 78.48.
On the 1 hour chart the downward channel is on hold, while on the 3 hour chart new downward channel is forming. Break above today's top and nearest resistance 78.48 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 77.51, and consistent break bellow it could strengthen the Yen further down towards next target 76.64.
Today is Japan Day of Senior Citizens.
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 negative and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 78.48 79.35 80.20
Technical support levels: 77.51 76.64 75.80
Today so far +18 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:16 GMT+1 Buy USD/JPY at 78.25 SL 77.99 TP 78.75, exit sent at 10:40 GMT+1.
Today so far +60, on Friday +161, as shown at http://www.zifx.com/performance-past.php.