Dollar/Yen showed an increasing momentum yesterday. The currency couple made a top at 98.43 and closed the day lower at 98.10. This indicates consolidation and unclear direction in the short term, till the pair is moving in a triangle on the 4 hour chart. The nearest resistance is 98.60. Break above this level may trigger further upward movement towards next objective 99.80. Immediate support is yesterday's bottom at 97.10. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 98.60 99.80 101.00
Technical support levels: 97.10 96.00 95.85
Trading range: 98.00 - 97.35
Sell at 97.86 SL 97.16 TP 97.46
Already made +17 pips profit on USD/JPY today from the following signal:
5:41 GMT+1 Sell USD/JPY at 97.80 SL 98.06 TP 97.30 exited at 8:16 GMT.
Total today +119, yesterday +151, as shown at www.zifx.com/performance.php