USD/JPY 89.76 - 17 December 2009

USD/JPY Open 89.88 High 90.22 Low 89.41 Close 89.77

Dollar/Yen made a considerable technical upward movement on Wednesday, sliding over the 89.98 resistance level, closing the day at 89.77. The bullish pressure continued increasing till the currency couple reached this morning's top at 90.21, where the bulls ran out of steam and the Dollar reversed downwards. However, on the 3 hour chart, Dollar moves within the 86.14 - 90.62 range against the Yen. Break out of that range would give us clearer picture for the next currency couple's movements. The CCI indicator is positive on the 1 hour chart, suggesting accumulated bullish pressure.
Technical resistance levels: 89.93 90.76 91.54
Technical support levels: 88.36 87.76 86.60

Already made +26 pips profit on USD/JPY today from the following signal:
7:18 Sell USD/JPY at 89.84 SL 90.10 TP 89.34 exited at 7:36 GMT.
Total today +153, yesterday +130, as shown in details at