USD/JPY Uptrend Limited By Yesterday's Top For Now

USD/JPY Open 81.30 High 81.57 Low 80.54 Close 81.24
On Wednesday Dollar/Yen continued increasing with almost 100 pips. The currency couple appreciated from 80.54 to 81.57 yesterday, matching the positive Interbank sentiment at over +5%, closing the day at 81.24. This morning the Dollar is trading quietly against the Yen, with limited push ups by yesterday's ceiling. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart range trading is forming. Break above yesterday's top and nearest resistance 81.57 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 80.54, and consistent break bellow it could strengthen the Yen further down towards next target 79.66. Today is Japan Tertiary activity index at 23:50 GMT. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 81.57 82.44 83.27
Technical support levels: 80.54 79.66 78.80
Already made +20 pips profit on USD/JPY today from the following sent to clients only signal:
5:18 GMTGMT+1 Buy USD/JPY at 81.37 SL 81.11 TP 81.87, exit sent at 9:40 GMTGMT+1.
Total today +124, yesterday +77, as shown in details at USD/JPY Chart


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