USD/JPY 98.04 - 12 June

USD/JPY Open 97.65 High 98.43 Low 97.35 Close 97.61

Dollar/Yen made an insignificant downward movement yesterday. This confirms the consolidation phase of the currency couple and the unclear movement direction, till trading range is within the triangle formation on the 1 hour chart. Immediate support is 97.25, followed by 96.00. The nearest resistance is 98.40. The CCI indicator just crossed down the 100 line on the 1 hour chart, indicating potential downward pressure.

Technical resistance levels: 98.40 99.80 101.00

Technical support levels: 97.25 96.00 95.85

Trading range: 97.90 - 98.55

Trend: Upward

Buy at 98.04 SL 97.74 TP 98.44

Already made +30 pips profit on USD/JPY today from the following signal:

5:46 GMT+1 Buy USD/JPY at 97.81 SL 97.55 TP 98.31 exited at 7:34 GMT.

Total today +134, yesterday +119, as shown at www.zifx.com/performance.php