USD/JPY 96.17 - 19 May

USD/JPY Open 96.37 High 96.69 Low 94.47 Close 96.29

Yesterday Dollar/Yen made a significant upward correction. The currency couple made a top at 96.47 and closed the day at 96.29. Short term signals are neutral. The nearest and important key resistance level is 96.75, the break of which could cause increasing momentum with targets towards 97.90. Immediate support is 95.65. The CCI indicator has crossed up the 100 line on the daily chart, signaling for potential increasing spring.

Technical resistance levels: 96.75 97.90 98.80

Technical support levels: 95.65 94.45 93.35

Trading range: 96.05 - 96.70

Trend: Upward

Buy at 96.17 SL 95.87 TP 96.57

Already made +33 pips profit on USD/JPY today from the following signal:

5:41 GMT+1 Buy USD/JPY at 96.36 SL 96.10 TP 96.86 exited at 7:41 GMT.

Total today +167, yesterday +131, as shown at www.zifx.com/performance.php