USD/JPY 106.43 - 27 June
The US Dollar dropped yesterday significantly against the Japanese Yen from yesterday's top 108.18 to today's bottom 106.16, which are the first resistance and support levels respectively for the currency couple today. The Yen continues to consolidate in narrow range between the above two levels. If the negative trend continues, next support further down is expected at 105.40, the break of which would open potential drop towards 104.85. In upward direction next resistance is expected at 109.10, followed by 110.00.
Technical resistance levels: 108.20 109.10 110.00
Technical support levels: 106.15 105.40 104.85
Trading range: 106.55 - 105.90
Sell at 106.43 SL 106.73 TP 106.03
Already made +50 pips profit on USD/JPY today from the following signal:
6:00 GMT+1 Sell USD/JPY at 107.16 SL 107.42 TP 106.66 TP reached at 6:41 GMT+1.
Total today +175, yesterday +129, as shown at www.zifx.com/performance.php