USD/JPY 96.47 - 13 August

USD/JPY Open 96.15 High 96.68 Low 95.11 Close 96.04

Dollar/Yen was trading hesitantly on Wednesday, but with insignificant movements. The currency decreased to the bottom 95.11, than sharply rose to 96.68, closing the day at 96.05. The upward scenario is now renewed and is expected to remain that way today. Immediate support is yesterday's bottom at 95.10, the break of which may renew the downward trend with possible test of 94.00. The nearest resistance is yesterday's peak 96.70. Break above this area may trigger further bullish momentum. The CCI indicator is neutral on the 4 hour chart and slightly up on the 1 hour chart, suggesting calm trading with insignificant upward pressure.

Technical resistance levels: 96.70 97.45 98.50

Technical support levels: 95.10 94.00 92.85

Trading range: 96.60 - 95.95

Trend: Downward

Sell at 96.47 SL 95.77 TP 96.07

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 +55, yesterday +162, as shown at