USD/JPY Open 79.54 High 79.76 Low 79.33 Close 79.46
On Monday Dollar/Yen decreased with 40 pips. The currency couple depreciated from 79.76 to 79.33 yesterday, matching the negative money flow sentiment at under -29%, closing the day at 79.46. This morning the Dollar is trading quietly against the Yen, with movements within yesterday's range for now.
On the 1 hour chart quotes are moving within the narrow range trading, while on the 3 hour chart the small angle downward channel has slowed down. Break above yesterday's top and nearest resistance 79.76 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.33, and consistent break bellow it could strengthen the Yen further down towards next target 78.50.
Today are Japan Household spending, Unemployment and Retail sales, at 24:30 and 24:50 GMT respectively.
Quotes are moving above the 20 and just bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term slim bearish pressure. The value of the RSI indicator is neutral and calm, MACD is neutral and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 79.76 80.64 81.52
Technical support levels: 79.33 78.50 77.64
Total today +3 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 79.47 SL 79.73 TP 78.97, exit sent at 5:23 GMT+1.
Total today +66, yesterday +79, as shown 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