Dollar/Yen reached a bottom at 95.31, but further decreasing pressure was limited and the currency couple rose sharply, hit a peak at 96.48, closing the day at 96.35. On the 1 hour chart we see that the USD/JPY moves within a range and we advise waiting for further developments for clearer movement direction. Currently trading is neutral, with preferable increasing scenario, as long as the pair stays above the nearest support 95.30. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 97.00 98.10 99.25
Technical support levels: 95.30 94.20 93.00
Trading range: 96.60 - 97.25
Buy at 96.73 SL 96.43 TP 97.13
Already made +14 pips profit on USD/JPY today from the following signal:
5:42 GMT+1 Buy USD/JPY at 96.78 SL 96.52 TP 97.28 exited at 8:17 GMT.
Total today +109, yesterday +188, as shown at www.zifx.com/performance.php