USD/JPY 95.57 - 12 August

USD/JPY Open 96.02 High 97.03 Low 95.11 Close 95.93

Dollar/Yen continued their decreasing movement on Tuesday, dropping down to the 95.79 bottom, and closing the day at 95.93. This changed the rising scenario into descending prospects in the short term, with possible testing of 95.00, but expectations remain neutral for the medium term. On the 1 hour chart we can see that quotes are testing the first support and today's bottom at 95.11. Break below that level may trigger further downward momentum towards 93.80. The CCI indicator is neutral on the 1 hour chart, suggesting calm intraday trading.

Technical resistance levels: 96.60 97.45 98.50

Technical support levels: 95.10 93.80 92.85

Trading range: 95.45 - 96.10

Trend: Upward

Buy at 95.57 SL 95.27 TP 95.97

Already made +26 pips profit on USD/JPY today from the following signal:

5:38 GMT+1 Sell USD/JPY at 95.52 SL 95.78 TP 95.02 exited at 8:29 GMT.

Total today +162, yesterday +109, as shown at www.zifx.com/performance.php