On Tuesday Dollar/Yen continued the downward movement. The currency couple made a fake break up of the triangle formed before turning direction and making a real break downwards. Signals are descending in the short term, with targets towards the region of 89.55 and 88.70. The first resistance level is represented by the 90.75 level. The CCI indicator just crossed down the 100 line on the daily chart, giving potential decreasing signals.
Technical resistance levels: 90.75 92.25 93.25
Technical support levels: 89.55 88.70 88.60
Trading range: 90.15 - 89.50
Sell at 90.04 SL 90.34 TP 89.64
Already made +17 pips profit on USD/JPY today from the following signal:
5:47 GMT Sell USD/JPY at 90.07 SL 90.33 TP 89.57 exited at 6:03 GMT.
Total today +129, yesterday +176, as shown at www.zifx.com/performance.php