On Friday Dollar/Yen made a decreasing movement with 100 pips. On the 4 hour chart we can see that the currency couple is currently moving around the trend line, towards the first support. Current scenario is still descending, till the general long term trend remains decreasing. Short term signals are downwards with objectives towards 94.80. Immediate resistance is 95.70. Break above this level may lead the USD/JPY to further recovery prospects. The CCI indicator is in the neutral zone of the 1 and 4 hour and charts, suggesting calm trading.
Technical resistance levels: 96.00 97.15 98.40
Technical support levels: 94.80 93.75 92.50
Trading range: 95.60 - 95.00
Sell at 95.50 SL 95.80 TP 95.10
Already made +9 pips profit on USD/JPY today from the following signal:
5:41 GMT+1 Sell USD/JPY at 95.42 SL 95.68 TP 94.92 exited at 7:05 GMT.
Total today +154, on Friday +104, as shown at www.zifx.com/performance.php