Yesterday Dollar/Yen corrected upwards. On the 4 hour chart the currency couple is testing the 96.30 key resistance level again. This is a normal correction and the longer the USD/JPY remains under it, the descending scenario has better chances. Short term signals are increasing with possible retest of the above resistance, break of which may turn the scenario into upward. The CCI indicator is in the neutral zone on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 96.00 97.15 98.40
Technical support levels: 94.80 93.75 92.50
Trading range: 95.50 - 96.15
Buy at 95.61 SL 95.31 TP 96.01
Already made +37 pips profit on USD/JPY today from the following signal:
5:44 GMT+1 Sell USD/JPY at 95.73 SL 95.99 TP 95.23 exited at 7:45 GMT.
Total today +188, yesterday +154, as shown at www.zifx.com/performance.php