Dollar/Yen failed to continue the upward momentum on Tuesday. The currency couple made a tentatively movement, open and close the day at almost the same price - 89.08 and 88.96. On the 4 hour chart we can see that the pair is trading in the range between 88.22 and 90.18 since last Wednesday. The previous resistance tend line now becomes an important support. First support level is 88.45. Short term resistance is represented by the 89.55 level.
Technical resistance levels: 89.55 90.70 91.80
Technical support levels: 88.45 87.15 85.95
Trading range: 89.45 - 88.85
Sell at 89.35 SL 89.65 TP 88.95
Already made +12 pips profit on USD/JPY today from the following signal:
5:51 GMT Buy USD/JPY at 89.18 SL 88.92 TP 89.68 TP reached at 7:08 GMT.
Total today +151, yesterday +153, as shown at www.zifx.com/performance.php