USD/JPY 96.65 - 4 June

USD/JPY Open 96.05 High 96.60 Low 95.40 Close 95.98

Dollar/Yen made no significant movement yesterday. On the daily chart there is a triangle formation, indicating consolidation. The key 96.70 level appears to be a strong resistance, therefore the current upward correction seems to be only temporary. Break above this level may trigger further increasing momentum. The nearest support is yesterday's bottom 95.40. Drop under this level may lead to further descending impulse towards 94.45. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.

Technical resistance levels: 96.70 97.90 99.00

Technical support levels: 95.40 94.45 93.20

Trading range: 96.75 - 96.15

Trend: Downward

Sell at 96.65 SL 96.95 TP 95.25

Already made +7 pips profit on USD/JPY today from the following signal:

5:43 GMT+1 Sell USD/JPY at 96.17 SL 96.43 TP 95.67 exited at 6:46 GMT.

Total today +103, yesterday +139, as shown at www.zifx.com/performance.php