Yesterday Dollar/Yen made a significant upward movement. The currency couple made a top at 92.73 and closed at 92.41. The Fibonacci correction currently shows that the pair is now testing resistance 26.4% in the region of 92.75. Successful break through that level may cause further ascending scenario towards 94.50. In the short term signals are rising but remain neutral in the medium term. The CCI indicator is in the overbought zone and downwards of the daily chart, assuming potential decreasing pressure with testing of the short term support 92.10.
Technical resistance levels: 92.75 93.05 94.50
Technical support levels: 92.10 90.55 89.30
Trading range: 91.35 - 92.00
Buy at 91.49 SL 91.19 TP 91.89
Already made +29 pips profit on USD/JPY today from the following signal:
5:45 GMT Buy USD/JPY at 92.35 SL 92.09 TP 92.85 exited at 7:56 GMT.
Total today +89, yesterday +160, as shown at www.zifx.com/performance.php