Dollar/Yen made a significant climbing on Thursday with nearly 200 pips, reaching a peak at 95.30, and closing the day at 94.93. This rise may turn around the short term decreasing channel into increasing. Yesterday's top appears to be a strong resistance. Break above this level may trigger further upward impulse with possible test of 96.15. The CCI indicator is in the overbought zone and downwards on the 1 hour chart, so be careful for a potential descending reversal towards 94.25. Break below that level may renew the bearish trend of the currency couple.
Technical resistance levels: 95.30 96.15 97.40
Technical support levels: 94.25 93.15 92.10
Trading range: 94.70 - 95.30
Buy at 94.80 SL 94.50 TP 95.20
Already made +12 pips profit on USD/JPY today from the following signal:
5:36 GMT+1 Buy USD/JPY at 94.72 SL 94.46 TP 95.22 exited at 5:42 GMT.
Total today +126, yesterday +89, as shown at www.zifx.com/performance.php