Dollar/Yen continued the decreasing movement yesterday. The currency couple climbed to the top 95.88, than dropped down to the bottom 94.90, and closed the day at 95.19. On the 1 hour chart is seen that the triangle formation was broken downwards as a support, suggesting potential descending views. Signals are downwards in the short term with possible testing of the 94.80 and 93.70 support levels. The CCI indicator is in the oversold area and upwards of 1 hour chart, suggesting possible spring upwards with testing of the nearest 95.90 resistance. Break above this level may trigger further bullish pressure.
Technical resistance levels: 95.90 97.25 98.50
Technical support levels: 94.80 93.70 92.45
Trading range: 95.45 - 94.80
Buy at 95.31 SL 95.61 TP 94.91
Already made +32 pips profit on USD/JPY today from the following signal:
5:45 GMT+1 Sell USD/JPY at 95.58 SL 95.84 TP 95.08 exited at 8:06 GMT.
Total today +175, yesterday +154, as shown at www.zifx.com/performance.php