martedì 29 aprile 2014

Dollar/Yen Firm As Market Awaits Central Bank News

USD/JPY Open 102.47 High 102.68 Low 102.03 Close 102.48

On Monday Dollar/Yen increased with 60 pips. The currency couple appreciated from 102.03 to 102.63 yesterday, not matching the negative money flow sentiment at nearly -8%, closing the day at 102.48. This morning the Dollar lifted slightly further against the Yen, reaching 102.68.

On the 1 hour chart quotes are held within trading range, while on the 3 hour chart wider trading scope has formed. Break above today’s top and nearest resistance 102.68 would encourage further recovery of the Dollar. Immediate support is yesterday’s bottom at 102.03, and consistent break below it could strengthen the Yen further down towards next target 101.15.

Today is Japan Day of Nature and Industrial output at 23:50 GMT.

Quotes are moving above the widened 20 and 50 the EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and rising, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral signals.

Technical resistance levels: 102.68 103.55 104.38

Technical support levels: 102.03 101.15 100.32

Today so far +2 pips profit/loss on USD/JPY today from the following sent to clients only signal:

5:15 GMT+1 Sell USD/JPY at 102.49 SL 102.75 TP 101.99, exit sent at 5:18 GMT+1.

Today so far +64, yesterday +86, as shown ;here. Have a great day!

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