After the break upwards of the triangular formation yesterday Dollar/Yen made a great upward movement. The currency couple reached a peak at 92.20 and closed the day at 91.13. Currently the price is testing the upper trend line, but at the same time, the CCI indicator is in the overbought zone and downwards, signaling for downward pressure. The signals are rising in the short term. The first support level is seen at 90.30. Short term resistance is represented by the 91.50 level, followed by yesterday's top 92.25.
Technical resistance levels: 91.50 92.25 93.80
Technical support levels: 90.30 89.25 87.95
Trading range: 90.95 - 91.60
Buy at 91.09 SL 90.79 TP 91.49
Already made +20 pips profit on USD/JPY today from the following signal:
5:48 GMT Sell USD/JPY at 90.93 SL 91.19 TP 90.43 exited at 6:45 GMT.
Total today +142, yesterday +168, as shown at www.zifx.com/performance.php