USD/JPY 100.44 - 7 April

USD/JPY Open 100.80 High 101.42 Low 99.95 Close 100.96

Dollar/Yen made a moderate upward movement yesterday. The currency couple hit the long term target 101.28, reaching a peak at 101.42, and closing lower at 100.96. On the 1 hour chart the currency pair is currently testing the support trend line. Break downwards may lead to bearish correctional scenario. Immediate support is 100.15. Transition under this level will lead to another impetus towards 99.20. The CCI indicator is about to go down the 100 line of the 4 hour chart, assuming potential downward pressure.

Technical resistance levels: 101.45 102.30 103.65

Technical support levels: 100.15 99.20 98.25

Trading range: 100.55 - 99.90

Trend: Downward

Sell at 100.44 SL 100.74 TP 100.04

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

5:45 GMT+1 Buy USD/JPY at 100.60 SL 100.34 TP 101.10 exited at 5:57 GMT.

Total today +128, yesterday +142, as shown at www.zifx.com/performance.php