USD/JPY 91.56 - 16 June 2010

USD/JPY Open 91.49 High 91.82 Low 91.07 Close 91.42

On Tuesday Dollar/Yen recovered partially from the losses at the beginning of the week, in converse with the Interbank sentiment at around -57%. The currency couple slightly appreciated from 91.07 to 91.56 yesterday, closing the day at 91.42. Today the ascending extended to 91.82. On the 1 and 3 hour charts the pair is still in a consolidation phase. Break above today's top and nearest resistance 91.82 would support further recovery of the Dollar. Immediate support is yesterday's bottom at 91.07, and consistent break bellow it could strengthen the Yen further towards next target 90.19. Today was Japan BoJ monthly economic report, already passed at 5 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.Technical resistance levels: 91.82 92.88 93.55Technical support levels: 91.07 90.19 89.30

Trading range: 91.45 - 92.10Trend: UpwardBuy at 91.56 SL 91.26 TP 91.96

Already made +13 pips profit on USD/JPY today from the following signal:5:30 GMT+1 Sell USD/JPY at 91.52 SL 91.78 TP 91.02 exit at 5:50 GMT+1.Total today +119, yesterday +74, as shown in details at http://www.zifx.com/performance.php.