Dollar/Yen continued upward correction on Wednesday, reaching a top at 94.48, and closing the day at 94.22. Signals remain rising in the short term, with targets towards the 94.50 resistance level. Clear break above this level may lead to further increasing perspectives towards next objective 95.65, and discontinuation of the decreasing medium term views. Immediate support is represented by the 93.25 level, followed by 92.00. The CCI indicator just crossed down the 100 line on the 1 hour chart, signaling for potential downward impulse.
Technical resistance levels: 94.50 95.65 96.70
Technical support levels: 93.25 92.00 90.80
Trading range: 93.45 - 94.05
Buy at 93.55 SL 93.25 TP 93.95
Already made +16 pips profit on USD/JPY today from the following signal:
5:39 GMT+1 Buy USD/JPY at 93.91 SL 93.65 TP 94.41 exited at 7:40 GMT.
Total today +124, yesterday +160, as shown at www.zifx.com/performance.php