USD/JPY 93.14 - 21 April 2010
USD/JPY Open 93.15 High 93.39 Low 92.41 Close 93.21

Dollar continued recovering against the Yen on Tuesday, in converse with the Interbank sentiment at nearly -16%. Yesterday the currency couple rose from 92.41 to 93.37, closing the day at 93.21. Break above the nearest 93.39 resistance and today's top would support further bullish outlook. The medium term trend is turning into bullish as the upward impulse is gaining momentum on the 1 hour chart. Immediate support is yesterday's bottom at 92.41, and consistent break bellow it would strengthen the Yen further towards next objective 91.60. Today is the Japan's Trade balance at 23:50 GMT. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish market. The values of the RSI and CCI indicators are positive and rising, while MACD is positive and calm on the 1 hour chart, giving overall long signals.Technical resistance levels: 93.39 94.17 95.00Technical support levels: 92.41 91.60 90.71

Trading range: 93.00 - 93.65Trend: UpwardBuy at 93.14 SL 92.84 TP 93.54

Already made +22 pips profit on USD/JPY today from the following signal:5:31 GMT+1 Buy USD/JPY at 93.16 SL 92.90 TP 93.66 exit at 7:59 GMT+1.Total today +121, yesterday +128, as shown in details at http://www.zifx.com/performance.php.