Yesterday Dollar/Yen made a decreasing attempt, reaching a bottom at 95.63, but closing the day much higher at 96.44. On the daily chart a hammer is formed, which signals for potential ascending reversal scenario. Currently, however, the signals remain unclear. Immediate resistance is today's top at 97.15. Break up of the resistance may lead to further bullish momentum towards 98.10. Drop below the short term 95.65 support level (yesterday's bottom), may trigger downward movement towards 94.45. The CCI indicator has just crossed up the 100 line on the 4 hour chart, signaling for potential upward pressure.
Technical resistance levels: 97.15 98.10 99.00
Technical support levels: 95.65 94.45 93.55
Trading range: 96.70 - 976.35
Buy at 96.84 SL 96.54 TP 97.24
Already made +46 pips profit on USD/JPY today from the following signal:
5:46 GMT+1 Buy USD/JPY at 96.83 SL 96.57 TP 97.33 exited at 7:24 GMT.
Total today +111, yesterday +141, as shown at www.zifx.com/performance.php