USD/JPY 98.23 - 26 March

USD/JPY Open 97.76 High 98.44 Low 97.03 Close 97.67

Supported by the positive mood of stock markets, Dollar rose against the Yen with over 130 pips from 96.96 to 98.40. Whether this will continue will depend on the trading during the U.S. session today. The market is expecting the news from the Federal Reserve and how investors will evaluate it. Lately these news are everyday news. Short term support is 97.45, followed by 96.75. Immediate resistance level is 98.55 followed by 99.30.

Technical resistance levels: 98.55 99.30 100.35

Technical support levels: 97.45 96.75 95.45

Trading range: 98.10 - 98.75

Trend: Upward

Buy at 98.23 SL 97.93 TP 98.63

Already made +47 pips profit on USD/JPY today from the following signal:

5:48 GMT Buy USD/JPY at 97.75 SL 97.49 TP 98.25 exited at 7:27 GMT.

Total today +143, yesterday +117, as shown at www.zifx.com/performance.php