USD/JPY 94.85 - 30 July

USD/JPY Open 95.00 High 95.32 Low 94.02 Close 94.99

Yesterday Dollar/Yen showed bullish power. The currency couple dropped down to 94.02, where the bears attack was stopped, and the Dollar rose up to the 95.32 top against the Yen. Immediate resistance is the above double top, break of which may trigger further bullish impulse towards next target 96.40. Our preferable short term scenario is upwards, especially if the above top is broken. Immediate support is yesterday's bottom at 94.00. The CCI indicator is neutral on the 1 and 4 hour charts, suggesting calm trading within small range.

Technical resistance levels: 95.35 96.40 97.50

Technical support levels: 94.00 93.05 91.85

Trading range: 94.75 - 95.35

Trend: Upward

Buy at 94.85 SL 94.55 TP 95.25

Already made +18 pips profit on USD/JPY today from the following signal:

5:36 GMT+1 Buy USD/JPY at 94.91 SL 94.65 TP 95.41 exited at 7:05 GMT.

Total today +134, yesterday +185, as shown at www.zifx.com/performance.php