Dollar/Yen made a significant upward movement yesterday, having tried to correct after the second test of 95.00, and expectations are for the break of the resistance level 95.80, and going further towards 95.70, after which the currency couple may return to the 93.40 level, if it can not make a solid base above 95.80. Today the CPI index was published for January, which reached -2.2% on an annual basis. It was expected to decrease by 2.5% comparing to 2.5% decrease from the same period a year earlier.
Technical resistance levels: 95.80 95.70 97.00
Technical support levels: 94.20 93.40 92.50
Trading range: 95.35 - 96.00
Buy at 95.46 SL 95.16 TP 95.86
Already made +12 pips profit on USD/JPY today from the following signal:
5:47 GMT Buy USD/JPY at 95.22 SL 94.96 TP 95.72 exited at 5:55 GMT.
Total today +140, yesterday +149, as shown at www.zifx.com/performance.php