On Monday Dollar/Yen continued increasing with 70 pips. The currency couple appreciated from 79.21 to 79.93 yesterday, matching the positive money flow sentiment at above +29%, closing the day at 79.92. This morning the Dollar climbed further against the Yen, reaching 80.01.
On the 1 hour chart the upward channel looks good, while on the 3 hour chart quotes broke up the wide trading range. Break above today's top and nearest resistance 80.01 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 79.21, and consistent break bellow it could strengthen the Yen further down towards next target 78.33.
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 declining, MACD is positive and inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 80.01 80.90 81.73
Technical support levels: 79.21 78.33 77.50
Today so far +13 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 79.82 SL 79.56 TP 80.32, exit sent at 6:30 GMT+1.
Today so far +44, yesterday +135, as shown at our web site.
Copyright ZIFX.com All rights reserved.
To contact the editor, e-mail:
Most Popular Slideshows
- Top Ten Most Peaceful Countries in the World in 2013 [SLIDESHOW]
- Kim Kardashian Baby Girl: Suggested Ways Kanye West’s New Born Can Earn Money to Keep Up with the Kardashians [PHOTOS]
- 'Game of Thrones'-like Film, 'The Queen of the Tearling,' Casts Emma Watson as Lead Star and Exec Producer [PHOTOS]
- Asus Transformer Infinity Pad, Sony Vaio Duo, Toshiba Satellite, A Look at Intel's Haswell 4th Generation Ultrabooks and Notebooks [Photos]