Dollar/Yen also made hesitating movement yesterday, as the currency couple opened and closed the day at almost the same price - 98.76 and 98.72. On the 1 hour chart a triangular formation is formed, which indicates consolidation phase. For now the signals are neutral. Break out of the triangle will give us a clearer movement direction. First support is seen at 97.95, followed by 96.55. Short term resistance is represented by the 99.80 level. The CCI indicator is neutral on daily chart.
Technical resistance levels: 99.80 101.10 102.40
Technical support levels: 97.95 96.55 95.60
Trading range: 98.70 - 98.05
Sell at 98.56 SL 98.86 TP 98.16
Already made +13 pips profit on USD/JPY today from the following signal:
5:47 GMT Buy USD/JPY at 98.41 SL 98.15 TP 98.91 exited at 6:37 GMT.
Total today +173, yesterday +158, as shown at www.zifx.com/performance.php