USD/JPY 96.29 - 2 June

USD/JPY Open 96.52 High 96.76 Low 94.47 Close 96.56

Dollar/Yen had an upward momentum yesterday. The currency couple tried to decrease, reaching a short term target at 94.47, then sharply rose and closed the day much higher at 96.56. Currently USD/JPY is trading neutrally. Consistent movement above 96.76 may cause further increasing momentum. Immediate support for today is yesterday's bottom at 94.45. The CCI indicator is in the neutral zone on the 4 hour chart.

Technical resistance levels: 96.75 97.90 99.00

Technical support levels: 94.45 93.35 92.20

Trading range: 96.40 - 95.75

Trend: Downward

Sell at 96.29 SL 96.59 TP 95.89

Already made +21 pips profit on USD/JPY today from the following signal:

5:40 GMT+1 Buy USD/JPY at 96.34 SL 96.08 TP 96.84 exited at 9:06 GMT.

Total today +81, yesterday +142, as shown at www.zifx.com/performance.php