USD/JPY 96.12 - 3 June

USD/JPY Open 95.59 High 96.76 Low 95.36 Close 95.75

The 62% Fibonacci correction of the Dollar/Yen at the current support and bottom from this morning 95.40 may limit the decline of the currency couple. Positive oscillators indications may lead to narrow range fluctuations today before gathering descending momentum towards the next expected downward targets 93.90, followed by 92.60. Immediate support is yesterday's bottom at 95.35. The nearest resistance is represented by yesterday's top 96.75. The CCI indicator is in the neutral zone of the 4 hour chart and about to cross up the 100 line on the 1 hour chart, suggesting potential upward correction.

Technical resistance levels: 96.75 97.90 99.00

Technical support levels: 94.45 93.35 92.20

Trading range: 96.25 - 95.60

Trend: Downward

Sell at 96.12 SL 96.42 TP 95.72

Already made +37 pips profit on USD/JPY today from the following signal:

6:42 GMT+1 Buy USD/JPY at 95.90 SL 96.64 TP 96.40 exited at 7:51 GMT.

Total today +139, yesterday +81, as shown at www.zifx.com/performance.php