USD/JPY 98.13 - 22 April

USD/JPY Open 98.65 High 98.90 Low 97.86 Close 98.69

On Tuesday Dollar/Yen made a top at 98.90 and closed at 98.69. On the 4 hour chart the decreasing pressure from 101.35 found strong support at 97.65. Signals remain neutral until further developments shows clearer movement direction. Immediate resistance is yesterday's top 98.90, the break of which may cause a new increasing momentum. The CCI indicator is in the neutral zone of the 4 hour and daily charts.

Technical resistance levels: 99.90 100.80 102.00

Technical support levels: 97.65 96.75 95.50

Trading range: 98.25 - 97.60

Trend: Downward

Sell at 98.13 SL 98.43 TP 97.73

Already made +25 pips profit on USD/JPY today from the following signal:

5:46 GMT+1 Sell USD/JPY at 98.28 SL 98.54 TP 97.78 exited at 8:06 GMT.

Total today +170, yesterday +158, as shown at www.zifx.com/performance.php