USD/JPY 95.43 - 27 May

USD/JPY Open 95.05 High 95.49 Low 94.57 Close 94.98

Dollar/Yen made no significant movement yesterday. It seems that the currency couple is now in a consolidation. On the 1 hour chart there is a formed ascending triangle, which signals for potential bullish scenario, if triangle is penetrated upward, with test of the key resistance level 95.60. The CCI indicator just crossed up the 100 line on the 4 hour chart, suggesting potential upward pressure. Immediate support is represented by yesterday's bottom 94.60, followes by 93.30.

Technical resistance levels: 95.60 96.75 98.00

Technical support levels: 94.60 93.30 92.00

Trading range: 95.55 - 94.90

Trend: Downward

Sell at 95.43 SL 95.73 TP 95.03

Already made +11 pips profit on USD/JPY today from the following signal:

5:48 GMT+1 Buy USD/JPY at 94.65 SL 94.39 TP 95.15 exited at 6:49 GMT.

Total today +145, yesterday +172, as shown at www.zifx.com/performance.php