USD/JPY 96.58 - 6 March USD/JPY Open 98.15 High 99.67 Low 96.58 Close 98.08 Yesterday Dollar/Yen reached a bottom at 97.73 and closed at 98.08. Signals for the currency couple remain descendants for now with targets towards the region of 96.40. The CCI indicator however, just crossed up the 100 line on the 1 hour chart, so be careful for potential ascending pressure towards testing the 98.70 resistance. On the daily chart the CCI indicator passed down line 100 line, suggesting potential downwards impulse.

Technical resistance levels: 98.70 99.70 100.60

Technical support levels: 96.55 95.60 94.75

Trading range: 96.45 - 97.10

Trend: Upward

Buy at 96.58 SL 96.28 TP 96.98

Already made +50 pips profit on USD/JPY today from the following signal:

6:10 GMT Sell USD/JPY at 97.95 SL 98.21 TP 97.45 TP reacheed at 7:01 GMT.

Total today +93, yesterday +131.

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