USD/JPY 95.00 - 27 July

USD/JPY Open 94.73 High 95.19 Low 94.61 Close 94.84

On Friday Dollar/Yen climbed up to the 95.15 top, where the bullish momentum was limited, and the currency couple traded quitely, closing the week at 94.88. Signals are upward in the short term, and neutral in the medium term. On the 1 hour chart there is a formed ascending wedge, indicating a potential upward scenario, especially if quotes break the 95.20 resistance, which is currently being tested. Break above this level may trigger further increasing impulse for the USD/JPY towards 96.20. The CCI indicator has crossed up the 100 line on the 1 hour chart, suggesting bullish perspectives.

Technical resistance levels: 95.20 96.20 97.40

Technical support levels: 94.25 93.15 92.10

Trading range: 94.90 - 95.50

Trend: Upward

Buy at 95.00 SL 94.70 TP 95.40

Already made +7 pips profit on USD/JPY today from the following signal:

5:39 GMT+1 Sell USD/JPY at 94.80 SL 95.06 TP 94.30 exited at 6:41 GMT.

Total today +92, on Friday +126, as shown at www.zifx.com/performance.php