USD/JPY 94.20 - 22 May

USD/JPY Open 94.13 High 95.18 Low 93.78 Close 94.39

Yesterday Dollar/Yen made a moderate decreasing movement. The currency couple made a bottom at 93.96, but closed the day higher at 94.39. The longer the Dollar stays below 94.55 resistance against the Yen, the signals are expected to remain descending with objective towards the first support at 93.60, followed by 92.40. Immediate resistance is represented by yesterday's top 95.20. The CCI indicator is in the oversold zone and upwards on the 1 hour chart, which indicates potential for increasing spring.

Technical resistance levels: 95.20 97.90 98.80

Technical support levels: 93.60 92.40 91.35

Trading range: 94.30 - 93.70

Trend: Downward

Sell at 94.20 SL 94.50 TP 93.80

Already made +23 pips profit on USD/JPY today from the following signal:

5:45 GMT+1 Sell USD/JPY at 94.16 SL 94.42 TP 93.66 exited at 8:39 GMT.

Total today +174, yesterday +191, as shown at www.zifx.com/performance.php