Quiet USD/JPY On Japan Greenery Day

On Thursday Dollar/Yen increased insignificantly with 50 pips. The currency couple appreciated from 80.09 to 80.58 yesterday, not matching the negative Interbank sentiment at bellow -28%, closing the day at 80.17. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.

On the 1 hour chart the downward channel is on hold, while on the 3 hour chart new downward channel has formed. Break above yesterday's top and nearest resistance 80.58 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.09, and consistent break bellow it could strengthen the Yen further down towards next target 79.16.

Today is Japan Greenery Day.

Quotes are moving just bellow the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral signals.

Technical resistance levels: 81.58 82.47 83.30

Technical support levels: 80.09 79.16 78.30

Today so far +6 pips profit on USD/JPY today from the following sent to clients only signal:

5:17 GMT+1 Buy USD/JPY at 80.14 SL 79.88 TP 80.64, exit sent at 6:46 GMT+1.

Today so far +84, yesterday +65, as shown in details at http://www.zifx.com/performance-past.php.