Dollar/Yen decreased insignificantly on Tuesday, from the 95.41 top to the 94.70 bottom, where further downward movement was limited and the currency pair closed the day at 94.85. The preferable scenario is still downwards, but on the 1 hour chart the hammer formation gives us warning of a potential ascending reversal with possible testing of the 95.40 resistance, followed by 96.50. Immediate support is today's bottom at 94.10 the break of which may lead to further bearish movement. The CCI indicator is about to cross down the 100 line on the 1 hour chart, indicating descending perspectives.
Technical resistance levels: 96.50 97.80 99.00
Technical support levels: 95.70 94.60 93.25
Trading range: 94.40 - 93.75
Sell at 94.28 SL 94.58 TP 93.88
Already made +19 pips profit on USD/JPY today from the following signal:
5:40 GMT+1 Sell USD/JPY at 94.27 SL 94.53 TP 93.77 exited at 7:23 GMT.
Total today +170, yesterday +173, as shown at www.zifx.com/performance.php