USD/JPY 92.74 - 2 September 2009
USD/JPY Open 92.77 High 93.36 Low 92.38 Close 92.90

Dollar/Yen continued to decline gradually on Tuesday from 93.36 top down to 92.84, closing the day at 92.90. Today the bearish trend continues, and is gathering downward momentum while the currency couple remains below the 93.00 level. Our expectations are for further decreasing. Indicators seem to support the downward expectations. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting accumulated bearish pressure.

Technical resistance levels: 93.50 94.35 95.55

Technical support levels: 92.55 91.40 90.90

Trading range: 92.85 - 92.20

Trend: Downward

Sell at 92.74 SL 93.04 TP 92.34

Already made +49 pips profit on USD/JPY today from the following signal:

5:38 GMT+1 Sell USD/JPY at 92.86 SL 93.12 TP 92.36 at 9:06 GMT.

Total today +193, yesterday +109, as shown at www.zifx.com/performance.php

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