USD/JPY Strengthens Further To 80.5

USD/JPY Open 80.21 High 80.52 Low 79.38 Close 80.26

On Thursday Dollar/Yen increased with 95 pips. The currency couple appreciated from 79.38 to 80.34 yesterday, matching the positive money flow sentiment at bellow 16%, closing the day at 80.26. This morning the Dollar lifted further against the Yen, lifting up to 80.52.

On the 1 hour chart range trading has formed, while on the 3 hour chart the downward channel is still on hold. Break above today's top and nearest resistance 80.52 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.38, and consistent break bellow it could strengthen the Yen further down towards next target 78.50.

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 neutral 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: 80.52 81.39 82.22
Technical support levels: 79.38 78.50 77.64

Today so far +20 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:14 GMT+1 Buy USD/JPY at 80.32 SL 80.06 TP 80.82, exit sent at 6:41 GMT+1.
Today so far +120, yesterday +134, as shown at http://www.zifx.com/performance-past.php.