USD/JPY 95.56 - 31 July

USD/JPY Open 95.52 High 95.88 Low 94.85 Close 95.56

Yesterday Dollar/Yen showed bullish power on Thursday. The currency couple dropped down to 94.85, where the bearish movement was limited, and the Dollar rose up to the 95.88 top against the Yen. Immediate resistance is the above peak, break of which may trigger further bullish impulse towards next objective 97.00. 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 has crossed up the 100 line on the 1 hour chart, suggesting further possible upward pressure.

Technical resistance levels: 95.90 97.00 98.30

Technical support levels: 94.85 94.00 92.85

Trading range: 95.45 - 96.10

Trend: Upward

Buy at 95.56 SL 95.26 TP 95.96

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

5:37 GMT+1 Buy USD/JPY at 94.91 SL 94.65 TP 95.41 exited at 7:05 GMT.

Total today +111, yesterday +134, as shown at www.zifx.com/performance.php