USD/JPY 95.06 - 26 May

USD/JPY Open 94.83 High 95.18 Low 94.43 Close 94.81

Yesterday Dollar/Yen made indecisive movement by opening and closing the day at almost the same price. Short term signals are neutral, but the formed hammer from Friday should be a warning for a potential upward correction. Immediate resistance is yesterday's top 95.20, followed by 96.00. Break above this level may trigger further bullish correction towards the key resistance 96.80. The nearest support is yesterday's bottom 94.40. The CCI indicator is in the neutral zone of the 4 hour chart.

Technical resistance levels: 95.20 96.00 96.80

Technical support levels: 94.40 93.30 92.00

Trading range: 95.20 - 94.55

Trend: Downward

Sell at 95.06 SL 95.36 TP 94.66

Already made +23 pips profit on USD/JPY today from the following signal:

5:44 GMT+1 Buy USD/JPY at 94.65 SL 94.39 TP 95.15 exited at 6:49 GMT.

Total today +172, yesterday +128, as shown at www.zifx.com/performance.php