Dollar/Yen made an upward correction yesterday. On the 1 hour chart can be seen that the currency couple is now testing the 49.8% Fibonacci level of the of 98.50 - 95.60 movement at 97.15. Earlier this morning the quotes broke the 37.8% level in the region of 97.00. So far this upward movement is normal, but a break above 97.20 may trigger further increasing impulse. Immediate support is yesterday's bottom 95.65. The nearest resistance is today's top at 97.15. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 97.15 98.25 99.50
Technical support levels: 95.65 94.50 93.45
Trading range: 96.20 - 96.55
Buy at 97.09 SL 96.39 TP 96.69
Already made +15 pips profit on USD/JPY today from the following signal:
7:31 GMT+1 Buy USD/JPY at 96.87 SL 96.61 TP 97.37 exited at 9:34 GMT.
Total today +169, yesterday +170, as shown at www.zifx.com/performance.php