On Wednesday Dollar/Yen attempted to rise, reaching a peak at 96.96, but further bullish movement was limited and the currency couple closed the day at 96.63. The 96.75 resistance was penetrated upwards, but the upward momentum is still unconvincing to confirm the upward trend views. A consistent movement above 96.75 may trigger further bullish momentum. The nearest support is 96.20. The CCI indicator has crossed up the 100 line, suggesting upward perspectives.
Technical resistance levels: 97.00 98.10 99.25
Technical support levels: 96.20 95.30 94.20
Trading range: 96.50 - 97.15
Buy at 96.61 SL 96.31 TP 97.01
Already made +23 pips profit on USD/JPY today from the following signal:
5:42 GMT+1 Buy USD/JPY at 96.58 SL 96.32 TP 97.08 exited at 7:57 GMT.
Total today +151, yesterday +109, as shown at www.zifx.com/performance.php