USD/JPY 94.75 - 21 May

USD/JPY Open 94.93 High 96.08 Low 94.30 Close 94.90

After continuous pressure from the 96.55 resistance level, yesterday Dollar/Yen fell, reaching the 94.69 bottom. Short term signals remain descending for now, but we may witnesses an upward correction first towards 95.65, before returning back downwards toward the nearest support level 93.60, followed by 92.40. Today's trading range is between 92.50 and 96.80. The CCI indicator is about to break up the 100 line on the 4 hour chart, which indicates potential ascending pressure.

Technical resistance levels: 96.70 97.90 98.80

Technical support levels: 93.60 92.40 91.35

Trading range: 94.85 - 94.25

Trend: Downward

Sell at 94.75 SL 95.05 TP 94.35

Already made +36 pips profit on USD/JPY today from the following signal:

7:12 GMT+1 Sell USD/JPY at 94.73 SL 94.99 TP 94.23 exited at 9:26 GMT.

Total today +191, yesterday +176, yesterday +176, as shown at www.zifx.com/performance.php