USD/JPY 109.58 - 8 January

USD/JPY Open 109.19 High 109.82 Low 108.46 Close 109.28

Resistance for the USD/JPY is today's top at 109.80, followed by 110.60, and 111.15, which is 61.5% correction of the drop 114.55 - 107.95. Support is expected at 108.45, followed by the bottom reached last week 107.85, and the bottom from 26 November at 107.25. Break at this level will take the looks towards 105.00.

Technical resistance levels: 109.80 110.60 111.15

Technical support levels: 108.45 107.85 107.25

Trading range: 109.70 - 109.05

Trend: Downward

Sell at 109.58 SL 109.88 TP 109.18

Already made +50 pips profit on USD/JPY today from the following signal:

6:10 Buy USD/JPY at 109.32 SL 109.06 TP 109.82 TP reached at 10:08 GMT.

Total results today +139 pips, yesterday +76, as shown at www.zifx.com/performance.php