Yesterday Dollar/Yen made a descending movement to the bottom 95.65, then rose sharply, reaching a peak of 98.53, and closed the day at 97.47. On the 1 hour chart there is a still valid descending channel, but the closest signals are neutral. Immediate resistance is yesterday's peak 98.55, followed by the potential double top 99.65. First support is at 96.70. Break below this level may cause further bearish movement. The CCI indicator in neutral area of 4 hour and daily charts.
Technical resistance levels: 98.55 99.65 100.70
Technical support levels: 96.70 95.65 94.50
Trading range: 97.95 - 98.55
Buy at 98.05 SL 97.75 TP 98.45
Already made +50 pips profit on USD/JPY today from the following signal:
5:49 GMT Buy USD/JPY at 97.64 SL 97.38 TP 98.14 TP reached at 6:48 GMT.
Total today +159, yesterday +168, as shown at www.zifx.com/performance.php