USD/JPY 105.60 - 1 July

USD/JPY Open 106.07 High 106.48 Low 105.01 Close 106.22

The US Dollar dropped today significantly against the Japanese Yen from today's top 106.34 to the bottom 105.34, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support further down is expected at 104.50, the break of which would open potential drop towards 104.00. In upward direction next resistance is expected at 107.15, followed by 108.00.

Technical resistance levels: 106.35 107.15 108.00

Technical support levels: 105.35 104.50 104.00

Trading range: 105.70 - 105.10

Trend: Downward

Sell at 105.60 SL 105.60 TP 105.20

Already made +34 pips profit on USD/JPY today from the following signal:

6:28 GMT+1 Sell USD/JPY at 105.85 SL 106.11 TP 105.35 exited at 7:32 GMT+1.

Total today +131, yesterday +180, as shown at www.zifx.com/performance.php