USD/JPY 93.07 - 1 September 2009
USD/JPY Open 92.96 High 93.51 Low 92.56 Close 93.07

Dollar/Yen reached the 92.56 bottom on Monday, where it met strong support and bounced upwards, closing the day at 93.07. Today the downward triangle, however, was broken upwards. Immediate resistance is yesterday's top at 93.50, the break of which may turn the trend upwards towards next objective 94.35. Break of yesterday's bottom may lead to continuation of Yen strengthening. The CCI indicator is in the oversold zone and upwards on the 1 hour chart, signaling for bullish pressure.

Technical resistance levels: 93.50 94.35 95.55

Technical support levels: 92.55 91.40 90.90

Trading range: 92.95 - 93.60

Trend: Upward

Buy at 93.07 SL 92.77 TP 93.47

Already made +8 pips profit on USD/JPY today from the following signal:

5:39 GMT+1 Sell USD/JPY at 93.08 SL 93.34 TP 92.58 at 5:43 GMT.

Total today +110, yesterday +109, as shown at www.zifx.com/performance.php

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