Dollar/Yen made no significant movement on Monday, indicating indecisive and wavering market. The currency couple descended from the top 96.14 to the 94.70 bottom with nearly 150 pips. Descending scenario is preferable for the time being, with possible test of at least the 94.70 support level. In upward direction, yesterday's top at 96.15 is a key resistance level. The CCI indicator is in the neutral zone on the 1 and 4 hour charts, indicating calm trading.
Technical resistance levels: 96.50 97.80 99.00
Technical support levels: 95.70 94.60 93.25
Trading range: 95.35 - 94.75
Sell at 95.25 SL 95.55 TP 94.85
Already made +13 pips profit on USD/JPY today from the following signal:
5:43 GMT+1 Sell USD/JPY at 95.34 SL 95.60 TP 94.84 exited at 7:5269 GMT.
Total today +173, yesterday +202, as shown at www.zifx.com/performance.php