USD/JPY 92.76 - 12 May 2010
USD/JPY Open 92.60 High 93.38 Low 91.51 Close 92.61

Dollar/Yen traded with a slight decrease on Tuesday, in line the Interbank sentiment at around -25%. Yesterday the currency couple depreciated from 93.38 to 92.22, closing the day at 92.61. Today the currency couple is trading hesitantly so far, and on the 1 hour chart the trend is also neutral in the medium term. Break above the nearest 93.38 resistance and yesterday's top would support further recovery of the Dollar. Immediate support is yesterday's bottom at 92.22, and consistent break bellow it could strengthen the Yen further towards next target 91.51. Today are the Japan Leading and Coincident indicators composite, Current accounts, Trade balance, and M2+CDs money supply at 5 and 23 GMT respectively. Quotes are moving about in line the 20 and 50 EMA on the 1 hour chart, indicating neutral market. The values of the RSI and CCI indicators are positive and declining, while MACD is neutral and calm on the 1 hour chart, giving overall light long signals.Technical resistance levels: 93.38 94.92 96.00Technical support levels: 92.22 91.51 90.11

Trading range: 92.65 - 93.30Trend: UpwardBuy at 92.76 SL 92.46 TP 93.16

Already made +19 pips profit on USD/JPY today from the following signal:5:31 GMT+1 Sell USD/JPY at 92.63 SL 92.89 TP 92.13 exit at 5:51 GMT+1.Total today +94, on Friday +181, as shown in details at