USD/JPY 91.63 - 23 December 2009

USD/JPY Open 91.81 High 91.87 Low 91.01 Close 91.82

The ascending movement of the Dollar/Yen continued on Tuesday, from the 91.01 bottom, reaching a peak at 91.87, and closing the day at 91.82. On the 3 hour chart quotes move consistently above 90.20, indicating potential for further bullish impulse with targets towards 92.52. Immediate support is represented by yesterday's bottom at 91.01. Convincing break bellow it can be regarded as a threat to the bulls and may lead to renewal of the downward channel with possible testing of 90.20. The CCI indicator is positive and leaning upwards, suggesting upwards pressure.
Technical resistance levels: 91.87 92.52 93.45
Technical support levels: 91.01 90.20 89.33

Already made +13 pips profit on USD/JPY today from the following signal:
5:38 Buy USD/JPY at 91.68 SL 91.42 TP 92.18 exited at 8:44 GMT.
Total today +87, yesterday +122, as shown in details at www.zifx.com/performance.php.

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