USD/JPY 92.45 - 17 May 2010
USD/JPY Open 94.33 High 93.00 Low 92.49 Close 92.41

Dollar/Yen continued decreasing on Friday, in line the Interbank sentiment at nearly -32%. On Friday the currency couple depreciated from 93.00 to 91.85, closing the week at 92.41. Today the pair started correcting upwards after further dropping this morning. Break above the nearest 93.00 resistance and Friday's top would support recovery of the Dollar. Immediate support is today's bottom at 91.75, and consistent break bellow it could strengthen the Yen further towards next target 91.00. Today's focus is on Tertiary activity index for Japan at 23:50 GMT. Quotes are moving above the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term bullish and medium term bearish pressure. The value of the RSI indicator is positive and tranquil, MACD is negative and calm, while CCI is positive and rising on the 1 hour chart, giving overall light long signals.Technical resistance levels: 93.00 93.81 94.92Technical support levels: 91.75 91.00 90.11

Trading range: 92.55 - 91.95Trend: DownwardSell at 92.45 SL 92.75 TP 92.05

Already made +35 pips profit on USD/JPY today from the following signal:5:34 GMT+1 Sell USD/JPY at 92.93 SL 93.19 TP 92.43 exit at 9:11 GMT+1.Total today +163, on Friday +172, as shown in details