Dollar/Yen climbed yesterday. The currency couple reached a peak of 96.97, but failed to close the day above the key 96.65 resistance level, finishing the day at 96.57. Consistent movement over this zone may trigger a further bullish impetus towards 97.55. Trading signals are neutral in the short and medium term. Immediate support is represented by the 96.00 level. Going under this level could lead to further descending movement towards next target 94.60. The CCI indicator is about to cross up the 100 line on the daily and 4 hour chart, and down on the 1 hour chart, suggesting uncertain direction.
Technical resistance levels: 96.95 97.55 98.80
Technical support levels: 96.00 94.60 93.20
Trading range: 96.60 - 97.25
Buy at 96.74 SL 96.44 TP 97.14
Already made +13 pips profit on USD/JPY today from the following signal:
5:47 GMT+1 Buy USD/JPY at 96.74 SL 96.48 TP 97.24 exited at 7:41 GMT.
Total today +123, yesterday +103, as shown at www.zifx.com/performance.php