venerdì 2 maggio 2014

Dollar/Yen Firm After BoJ Rates Remain Unchanged

USD/JPY Open 102.61 High 102.79 Low 102.27 Close 102.63

On Tuesday Dollar/Yen increased with 30 pips. The currency couple appreciated from 102.46 to 102.79 yesterday, matching the positive money flow sentiment at over +11%, closing the day at 102.63. This morning the Dollar weakened against the Yen, reaching 102.27.

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 102.79 would encourage further recovery of the Dollar. Immediate support is today’s bottom at 102.27, and consistent break below it could strengthen the Yen further down towards next target 101.40.

Today were Japan Housing starts and Construction orders, both at 5 GMT.

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

Technical resistance levels: 102.79 103.65 104.48

Technical support levels: 102.27 101.40 100.57

Today so far +20 pips profit/loss on USD/JPY today from the following sent to clients only signal:

5:15 GMT+1 Buy USD/JPY at 102.37 SL 102.11 TP 102.87, exit sent at 10:12 GMT+1.

Today so far +72, yesterday +64, as shown ;here. Have a great day!

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