Dollar/Yen made a decreasing momentum on Tuesday. After breaking down the trend line support at 99.00, the currency couple moved down to the bottom 98.71, and closed the day at 98.97. Signals are decreasing for the time being, but the pair meets very good support at 98.15. Break under that level could cause further bearish scenario with objectives towards the region of 97.60. The CCI indicator just crossed up the 100 line on the 1 hour chart, signaling a possible inconsequent ascending pressure with possible test of the immediate resistance level 99.20.
Technical resistance levels: 99.90 100.80 102.00
Technical support levels: 98.15 97.00 95.85
Trading range: 99.25 - 98.60
Sell at 99.13 SL 99.43 TP 98.73
Already made +39 pips profit on USD/JPY today from the following signal:
6:36 GMT+1 Sell USD/JPY at 98.63 SL 98.89 TP 98.13 exited at 7:29 GMT.
Total today +182, yesterday +130, as shown at www.zifx.com/performance.php