USD/JPY Open 81.30 High 81.70 Low 80.88 Close 81.32
On Wednesday Dollar/Yen increased insignificantly with 60 pips. The currency couple appreciated from 81.06 to 81.70 yesterday, not matching the negative Interbank sentiment at bellow -24%, closing the day at 81.32. This morning the Dollar weakened against the Yen, dropping down to 80.88.
On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider trading range. Break above yesterday's top and nearest resistance 81.70 would encourage further recovery of the Dollar. Immediate support is today's bottom at 80.88, and consistent break bellow it could strengthen the Yen further down towards next target 80.00.
Today are Japan All industry index, Nationwide and Tokyo-area CPI, Unemployment, Household spending, Industrial output, and Retail sales, at 4:30, 23:30 and 23:50 GMT respectively.
Quotes are moving just bellow the twisted and even 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 neutral and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 81.70 82.57 83.40
Technical support levels: 80.88 80.00 79.14
Today so far +33 pips profit on USD/JPY today from the following sent to clients only signal:
5:17 GMT+1 Sell USD/JPY at 81.15 SL 81.41 TP 80.65, exit sent at 10:35 GMT+1.
Today so far +142, yesterday +107, as shown in details at http://www.zifx.com/performance-past.php.
Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009