USD/JPY 91.36 - 10 June 2010

USD/JPY Open 91.33 High 91.63 Low 90.85 Close 91.23

On Wednesday Dollar/Yen was trading with a slight decrease, in line with the Interbank sentiment at around -57%. The currency couple depreciated from 91.63 to 91.06 yesterday, closing the day at 91.23. Today the the descending extended just a little lower to 90.85. On the 1 hour chart the downward movement still seem as an adjustment, but on the 3 hour chart trading is caught within a wide range. Break above yesterday's top and nearest resistance 91.63 would support further recovery of the Dollar. Immediate support is today's bottom at 90.85, and consistent break bellow it could strengthen the Yen further towards next target 90.19. There are no major economic events for Japan today. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is positive and declining, MACD is negative and quiet, while CCI is is about to cross up the 100 line on the 1 hour chart, giving overall mixed signals.Technical resistance levels: 91.63 92.88 93.55Technical support levels: 90.85 90.19 89.30

Trading range: 91.50 - 90.85Trend: DownwardSell at 91.36 SL 91.66 TP 90.96

Already made +29 pips profit on USD/JPY today from the following signal:5:31 GMT+1 Sell USD/JPY at 91.21 SL 91.47 TP 90.71 exit at 7:41 GMT+1.Total today +143, yesterday +185, as shown in details at http://www.zifx.com/performance.php.