USD/JPY 91.57 - 23 October 2009

USD/JPY Open 91.35 High 91.92 Low 90.79 Close 91.33

Dollar/Yen continued climbing on Thursday, as expected. The currency couple made a bottom at 90.79, from where it started rising up to the 91.68, closing the day at 91.33. Today ascending continued to new peak at 91.92, which is also the nearest resistance for today. Break above that level may lead to stronger ascending momentum towards 93.00. Our preferable scenario is upwards, but any downward corrections should not come unexpected. Immediate support is yesterday's bottom at 90.80. Going under this level may shake the current bullish outlook. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 91.95 93.00 94.15
Technical support levels: 90.80 89.55 88.45

Trading range: 91.45 - 92.10
Trend: Upward
Buy at 91.57 SL 91.27 TP 91.97

Already made +33 pips profit on USD/JPY today from the following signal:
5:44 GMT+1 Buy USD/JPY at 91.59 SL 91.33 TP 92.09 exited at 8:02 GMT.
Total today +93, yesterday +114, as shown in details at www.zifx.com/performance.php.

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