USD/JPY 96.09 - 29 May

USD/JPY Open 96.80 High 97.23 Low 94.86 Close 96.84

Dollar/Yen made a significant upward movement yesterday. The currency couple broke the key resistance 96.75, reaching a top at 97.23, closing the day at 96.84. If the pair remains consistently above 96.75, its rising may continue with next targets towards 98.00. Holding under 96.75 may switch the USD/JPY into descending mode. The CCI indicator is in the overbought zone and downwards on the 4 hour chart, assuming a potential downward pressure.

Technical resistance levels: 97.25 98.00 99.15

Technical support levels: 95.55 94.85 93.70

Trading range: 96.20 - 95.55

Trend: Downward

Sell at 96.09 SL 96.39 TP 95.69

Already made +4 pips profit on USD/JPY today from the following signal:

5:49 GMT+1 Sell USD/JPY at 96.49 SL 96.75 TP 95.99 exited at 6:48 GMT.

Total today +116, yesterday +161, as shown at www.zifx.com/performance.php