On Monday Dollar/Yen made indecisive movement as the currency couple opened and closed the day at almost the same price - 98.06 and 98.16. From a larger perspective on the daily chart is shown that after the increasing momentum from 11 February, USD/JPY is moving into a variable range, indicating consolidation phase. Signals are neutral in the short and medium term. First short term support is 97.65. Immediate resistance are 98.95. The CCI indicator is in neutral zone on the daily chart.
Technical resistance levels: 98.95 99.70 100.70
Technical support levels: 97.65 96.40 95.25
Trading range: 98.35 - 99.00
Buy at 98.46 SL 98.16 TP 98.86
Already made +10 pips profit on USD/JPY today from the following signal:
5:46 GMT Sell USD/JPY at 98.56 SL 98.82 TP 98.06 exited at 5:57 GMT.
Total today +112, yesterday +82, as shown at www.zifx.com/performance.php