USD/JPY 90.68 - 1 June 2010
USD/JPY Open 91.18 High 91.62 Low 90.55 Close 91.25
After partial recovery last week, on Monday Dollar/Yen traded hesitantly, in converse with the Interbank sentiment at around -52%. The currency couple appreciated from 90.89 to 91.62 yesterday, than lost those gains, closing the day at 91.25. After some hesitation, today the pair is trading with a decrease. Break above yesterday's peak and nearest resistance 91.61 would support further recovery of the Dollar. Immediate support is today's bottom at 90.55, and consistent break bellow it could strengthen the Yen further towards next objective 89.62. There are no major economic events for Japan today. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure, but the last green candle points short term upward impulse. The value of the RSI indicator is negative and calm, MACD is neutral and quiet, while CCI is bellow the 100 line on the 1 hour chart, giving overall light short signals.Technical resistance levels: 91.62 92.60 93.48Technical support levels: 90.55 89.62 88.27
Already made +30 pips profit on USD/JPY today from the following signal:5:37 GMT+1 Buy USD/JPY at 91.03 SL 90.77 TP 91.53 exit at 6:25 GMT+1.Total today +160, yesterday +131, as shown in details at http://www.zifx.com/performance.php.