As expected, Dollar/Yen made significant upward movement yesterday. The currency couple made a top at 96.94 and closed at 96.62. Closing under the 49.8% Fibonacci level of the correction from September to January, the Dollar reached a 3 month peak against the Yen. Signals remain ascending with objectives towards the region of 97.55. The CCI indicator passed down the 100 line on the 1 hour chart, suggesting possible descending pressure with testing of the support level 95.80.
Technical resistance levels: 97.30 98.70 100.00
Technical support levels: 95.80 94.20 93.40
Trading range: 97.05 - 96.35
Sell at 96.95 SL 97.25 TP 96.45
Already made +13 pips profit on USD/JPY today from the following signal:
6:36 GMT Buy USD/JPY at 96.88 SL 96.62 TP 97.38 exited at 6:46 GMT.
Total today +153, yesterday +140, as shown at www.zifx.com/performance.php