Yesterday Dollar/Yen made tentatively movement, forming divergence on the daily chart. On the 1 hour chart the currency couple found good support in the region of 96.25 yesterday after the bearish impulse. Passing earlier this morning under the key 95.60 support from this morning may cause further descending movement towards 94.70. Short term resistance is the 97.00 level. The CCI indicator is about to cross down the 100 line on the 4 hour chart, signaling for potential downward pressure.
Technical resistance levels: 96.85 97.70 99.00
Technical support levels: 95.60 94.70 93.55
Trading range: 95.80 - 96.45
Buy at 95.93 SL 95.63 TP 96.33
Already made +46 pips profit on USD/JPY today from the following signal:
5:45 GMT+1 Sell USD/JPY at 96.08 SL 96.34 TP 95.58 exited at 7:47 GMT.
Total today +141, yesterday +151, as shown at www.zifx.com/performance.php