martedì 1 aprile 2014

Dollar/Yen Remains Firm, Rising Over 103

USD/JPY Open 103.22 High 103.44 Low 102.79 Close 103.21

On Monday Dollar/Yen increased with 65 pips. The currency couple appreciated from 102.79 to 103.44 yesterday, matching the positive money flow sentiment at over +16%, closing the day at 103.21. This morning the Dollar is trading quietly against the Yen, with movements at the upper end of yesterday’s range for now.

On the 1 hour chart quotes are held in trading range, while on the 3 hour chart wider trading scope has formed. Break above yesterday’s top and nearest resistance 103.44 would encourage further recovery of the Dollar. Immediate support is yesterday’s bottom at 102.79, and consistent break below it could strengthen the Yen further down towards next target 101.90.

Today is Japan BoJ Tankan index, at 23:50 GMT.

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

Technical resistance levels: 103.44 104.32 105.14

Technical support levels: 102.79 101.90 101.07

Today so far +9 pips profit/loss on USD/JPY today from the following sent to clients only signal:

5:15 GMT+1 Buy USD/JPY at 103.28 SL 103.02 TP 103.78, exit sent at 9:03 GMT+1.

Today so far +72, yesterday +107, as shown ;here. Have a great day!

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