Dollar/Yen broke the support 95.30, which opened a way for further decline in the short term, with objectives towards 94.00. Immediate support is today's bottom at 94.95. The nearest resistance is 96.00. The CCI indicator show that the currency couple is in the oversold zone, which may lead to high volatility in the medium term, before gathering sufficient bullish impulse for a climb back towards 97.00. The CCI indicator is in the neutral zone on the 1 and 4 hour chart, indicating calm trading today.
Technical resistance levels: 97.15 98.25 99.50
Technical support levels: 95.60 94.50 93.45
Trading range: 95.50 - 94.85
Buy at 95.37 SL 95.67 TP 94.97
Already made +30 pips profit on USD/JPY today from the following signal:
5:43 GMT+1 Sell USD/JPY at 95.29 SL 95.55 TP 94.79 exited at 6:59 GMT.
Total today +154, yesterday +174, as shown at www.zifx.com/performance.php