USD/JPY 95.94 - 20 May

USD/JPY Open 96.12 High 96.69 Low 95.47 Close 95.95

Dollar/Yen also decreased yesterday. On the 4 hour chart after the break down of the 95.70 support, the currency couple reached the bottom 95.47 and closed the day at 95.95. Signals are descending in the short term with possible testing of the support level 95.45. The CCI indicator, however is in the oversold area and upwards of 4 hour chart, so be careful for a potential rebound in ascending mode with testing of the nearest resistance and former support level 96.70.

Technical resistance levels: 96.70 97.90 98.80

Technical support levels: 95.45 94.45 93.35

Trading range: 96.05 - 95.40

Trend: Downward

Sell at 95.94 SL 96.24 TP 95.54

Already made +39 pips profit on USD/JPY today from the following signal:

5:46 GMT+1 Buy USD/JPY at 95.67 SL 95.41 TP 96.17 exited at 8:40 GMT.

Total today +176, yesterday +167, as shown at www.zifx.com/performance.php