USD/JPY 98.44 - 8 June

USD/JPY Open 98.76 High 98.87 Low 96.56 Close 98.63

Dollar/Yen made a significant climb on Friday with over 200 pips. The currency couple broke the 98.00 key resistance level, reached peak of 98.87, and closing the week at 98.63. Signals remain rising for now, with with targets towards 99.40, followed by 100.55. However, the CCI indicator is in the overbought zone and about to cross down the 100 line on the 1 hour chart, signaling for potential decreasing rebound with possible test of the 98.10 support level.

Technical resistance levels: 99.40 100.55 101.80

Technical support levels: 98.10 97.00 95.85

Trading range: 98.30 - 98.95

Trend: Upward

Buy at 98.44 SL 98.14 TP 98.84

Already made +24 pips profit on USD/JPY today from the following signal:

6:08 GMT+1 Buy USD/JPY at 98.34 SL 98.08 TP 98.84 exited at 7:42 GMT.

Total today +182, on Friday +123, as shown at www.zifx.com/performance.php