USD/JPY 96.80 - 28 May

USD/JPY Open 95.41 High 97.04 Low 94.86 Close 95.35

Dollar/Yen showed a moderate ascending momentum yesterday. We still have a secondary ascending channel on the 4 hour chart, with possible testing of the key resistance level at 97.10. The former resistance at 95.50 was broken earlier today, and as a result further upward movement is still expected. Immediate support is represented by yesterday's bottom at 94.85, followed by 93.70. The CCI indicator just crossed up the 100 line on the 4 hour chart, suggesting potential upward pressure.

Technical resistance levels: 97.10 98.00 99.15

Technical support levels: 94.85 93.70 92.40

Trading range: 96.70 - 97.30

Trend: Upward

Buy at 96.80 SL 96.50 TP 97.20

Already made +50 pips profit on USD/JPY today from the following signal:

5:45 GMT+1 Buy USD/JPY at 96.51 SL 96.25 TP 97.01 TP reached at 7:59 GMT.

Total today +161, yesterday +145, as shown at www.zifx.com/performance.php