Dollar/Yen temporarily stopped the upward adjustment on Monday, declined to the bottom at 92.05 on Tuesday, closing the day 92.32. Today the upward movement was renewed. Be aware, however, that the downward channel is still valid till 95.00 remains untouched. Key support is 92.05. Break below that level may trigger further weakening of the dollar with targets towards 91.00. The nearest resistance is yesterday's top at 93.10, the penetration of which may strengthened the bullish correctional upward movement. The CCI indicator has crossed up the 100 line on the 1 hour chart, showing strong accumulated bullish pressure.
Technical resistance levels: 93.10 94.15 95.05
Technical support levels: 92.05 91.00 90.05
Buy at 92.43 SL 92.13 TP 92.83
Already made +1 pips profit on USD/JPY today from the following signal:
5:38 GMT+1 Sell USD/JPY at 92.30 SL 92.56 TP 91.80 at 7:39 GMT.
Total today +101, yesterday +190, as shown at www.zifx.com/performance.php