USD/JPY 93.33 - 23 April 2010
USD/JPY Open 93.44 High 93.61 Low 92.74 Close 93.47
Dollar renewed rising against the Yen on Thursday, in converse with the Interbank sentiment at nearly -12%. Yesterday the currency couple climbed from 92.74 to 93.61, closing the day at 93.47. Break above the nearest 93.61 resistance and yesterday's peak would support further bullish outlook. The medium term trend is now back to bullish as the upward channel on the 1 hour chart is looking good. Immediate support is yesterday's bottom at 92.74, and consistent break bellow it could strengthen the Yen further towards next target 91.60. There are no major economic events for Japan today, except for already passed All industry index at 4:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and calm, while CCI is neutral and calm on the 1 hour chart, giving overall light long signals.Technical resistance levels: 93.61 94.17 95.00Technical support levels: 92.74 91.60 90.71
Already made +10 pips profit on USD/JPY today from the following signal:5:35 GMT+1 Buy USD/JPY at 93.40 SL 93.14 TP 93.90 exit at 7:09 GMT+1.Total today +104, yesterday +47, as shown in details at http://www.zifx.com/performance.php.