Dollar/Yen made an insignificant movements on Thursday with around 100 pips only. The currency couple reached bottom at 92.48, and closed the day higher at 92.98. On the 1 hour chart is seen that after testing the 92.50 support level, further bearish movement was limited and the Dollar consolidated against the Japanese Yen. Signals remain downward in the short term with targets towards 91.50. The CCI indicator is in the neutral zone on the 1 hour chart, suggesting calm trading. Immediate resistance is represented by the 93.55 level. Break above this level may lead the USD/JPY into correctional phase.
Technical resistance levels: 95.40 96.50 97.80
Technical support levels: 91.80 90.70 89.65
Trading range: 93.00 - 92.35
Sell at 92.89 SL 93.29 TP 92.49
Already made +50 pips profit on USD/JPY today from the following signal:
5:42 GMT+1 Sell USD/JPY at 93.08 SL 93.34 TP 92.58 TP reached at 7:50 GMT.
Total today +162, yesterday +131, as shown at www.zifx.com/performance.php