Dollar/Yen failed climbed yesterday with nearly 200 pips. The currency couple made a peak at 90.60, and closed the day at 90.24. On the 4 hour chart we can see that the pair is trading in the range between 88.22 and 90.65 since last Wednesday. Break out of the above range should give us clearer trend direction. The previous resistance tend line is now an important support. First support level is 89.25. Short term resistance is represented by the 90.25 level, followed by today's top 90.70.
Technical resistance levels: 90.25 90.70 91.80
Technical support levels: 89.25 88.30 87.15
Trading range: 90.00 - 89.40
Sell at 89.90 SL 90.20 TP 89.50
Already made +12 pips profit on USD/JPY today from the following signal:
5:49 GMT Sell USD/JPY at 89.94 SL 90.20 TP 89.44 exited at 6:38 GMT.
Total today +168, yesterday +151, as shown at www.zifx.com/performance.php