USD/JPY 106.78 - 10 June
The US Dollar rose significantly against the Japanese Yen on Friday, climbing from yesterday's bottom at 104.48 to today's top 107.13, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.90, the break of which would open potential drop towards 108.60. In downward direction next support is expected at 103.90, followed by 103.15.
Technical resistance levels: 107.10 107.90 108.60
Technical support levels: 104.50 103.90 103.15
Trading range: 106.65 - 107.30
Buy at 106.78 SL 106.48 TP 107.18
Already made +25 pips profit on USD/JPY today from the following signal:
5:58 GMT+1 Sell USD/JPY at 106.75 SL 107.01 TP 106.25 exited at 7:55 GMT+1.
Total today +153, on Friday +172, as shown at www.zifx.com/performance.php