USD/JPY 98.12 - 23 April

USD/JPY Open 98.18 High 98.75 Low 97.63 Close 97.99

Yesterday Dollar/Yen traded downwards. On the 4 hour chart the support 97.65 still holds and prevents the currency couple from further bearish movement. Signals remain neutral for now. Consistent movement under 97.65 will confirm the descending scenario towards 96.60. Descending will continue till 98.60 remains intact. Trading range today is between 97.50 and 99.35. Immediate resistance is 98.90, the break of which may trigger new increasing momentum. The CCI indicator is in the neutral zone on the 1 hour schedule.

Technical resistance levels: 98.90 99.90 100.80

Technical support levels: 97.65 96.60 95.50

Trading range: 98.00 - 98.65

Trend: Upward

Buy at 98.12 SL 97.82 TP 98.52

Already made +6 pips profit on USD/JPY today from the following signal:

5:43 GMT+1 Sell USD/JPY at 97.83 SL 98.09 TP 97.33 exited at 5:48 GMT.

Total today +106, yesterday +158, as shown at www.zifx.com/performance.php