USD/JPY 94.88 - 25 May

USD/JPY Open 94.66 High 95.18 Low 93.88 Close 94.72

On Friday Dollar/Yen made an upward adjustment up to 94.87 and closed the week at 94.72. On the 1 hour chart is seen how the upward correction helped forming of a hammer in descending mode. This may be a signal to further potential bullish correction. Immediate resistance is today's top 95.20. Break over it may extend the upward correction. The nearest support is 93.95. The CCI indicator is about to cross up the 100 line on the daily chart, indicating potential ascending pressure.

Technical resistance levels: 95.20 97.90 98.80

Technical support levels: 93.95 92.60 91.35

Trading range: 94.75 - 95.40

Trend: Upward

Buy at 94.88 SL 94.58 TP 95.28

Already made +22 pips profit on USD/JPY today from the following signal:

6:14 GMT+1 Sell USD/JPY at 94.16 SL 94.42 TP 93.66 exited at 6:18 GMT.

Total today +128, on Friday +174, as shown at www.zifx.com/performance.php