Dollar/Yen made significant descending movement yesterday with around 120 pips. On the 1 hour chart is seen that the triangle formation was penetrated downwards, suggesting likely descending scenario. Short term signals are bearish with objectives towards the region of 95.65. Immediate support is seen in 95.95. The nearest resistance is is represented by yesterday's top at 97.25. The CCI indicator has crossed up the 100 line on the 1 hour chart, signaling for potential ascending pressure.
Technical resistance levels: 97.25 98.55 99.80
Technical support levels: 95.95 94.70 93.45
Trading range: 96.00 - 96.65
Buy at 96.12 SL 95.82 TP 96.52
Already made +50 pips profit on USD/JPY today from the following signal:
5:41 GMT+1 Sell USD/JPY at 96.70 SL 96.96 TP 96.20 TP reached at 10:04 GMT.
Total today +151, yesterday +169, as shown at www.zifx.com/performance.php