USD/JPY 94.60 - 29 July

USD/JPY Open 94.36 High 95.25 Low 94.02 Close 94.53

Yesterday Dollar/Yen failed to continue their climbing on Tuesday, and the currency couple fell to the 94.08 bottom. On the 1 hour chart quotes are currently testing the 94.00 support level. Break bellow it may lead the USD/JPY to further bearish impulse towards next target 93.05. Immediate resistance is represented by yesterday's top, the 95.25 level. Upward penetration of that level may trigger further upward momentum. The CCI indicator has crossed up the 100 line on the 1 hour chart, suggesting bullish short term perspectives.

Technical resistance levels: 95.25 96.20 97.40

Technical support levels: 94.00 93.05 91.85

Trading range: 94.50 - 95.10

Trend: Upward

Buy at 94.60 SL 94.30 TP 95.00

Already made +28 pips profit on USD/JPY today from the following signal:

5:45 GMT+1 Sell USD/JPY at 94.37 SL 94.63 TP 93.87 exited at 7:19 GMT.

Total today +185, yesterday +158, as shown at www.zifx.com/performance.php