USD/JPY 98.13 - 9 June

USD/JPY Open 98.46 High 98.83 Low 97.91 Close 98.48

Dollar/Yen did not make significant movement yesterday, opening and closing the day at almost the same price, and establishing divergence on the 4 hour chart. On the 1 hour chart there is a formed triangle after the upward impulse, which indicated consolidation. Dent out of the triangle should give us a clearer movement direction. Trading signals are neutral for now. Immediate support is represented by today's bottom 97.85. The nearest resistance is yesterday's top 98.85. Break above it may trigger further upward movement with possible testing of the 100.00 key level. The CCI indicator is in the neutral zone of 1 hour chart.

Technical resistance levels: 98.85 100.00 101.20

Technical support levels: 97.85 97.00 95.85

Trading range: 98.00 - 98.65

Trend: Upward

Buy at 98.13 SL 97.83 TP 98.53

Already made +16 pips profit on USD/JPY today from the following signal:

5:47 GMT+1 Sell USD/JPY at 98.09 SL 98.35 TP 97.59 exited at 7:03 GMT.

Total today +49, yesterday +182, as shown at www.zifx.com/performance.php