Dollar/Yen made a significant downward movement yesterday, as expected. The currency couple made bottom at 87.14, and closed the day at 89.48. Signals today remain descending with targets towards the region of 86.60. The CCI indicator is in the oversold area and upwards on the 4 hour chart, so be careful for an insignificant increasing pressure, with possible testing of the resistance levels at 89.55 and 90.40.
Technical resistance levels: 89.55 90.40 91.50
Technical support levels: 88.00 87.10 85.95
Trading range: 90.15 - 88.50
Sell at 90.04 SL 90.34 TP 88.64
Already made +17 pips profit on USD/JPY today from the following signal:
5:56 GMT Sell USD/JPY at 89.26 SL 89.52 TP 88.76 exited at 6:02 GMT.
Total today +157, yesterday +178, as shown at www.zifx.com/performance.php