USD/JPY 89.86 - 25 May 2010USD/JPY Open 90.21 High 90.62 Low 89.58 Close 90.28
Dollar/Yen traded hesitantly at first on Monday, than at the end of the day bears got in charge, in line the Interbank sentiment at nearly -31%. The currency couple depreciated from 90.62 to 89.76 yesterday, closing the day at 90.28. Today the pair is making further decreasing efforts. Break above the nearest 90.62 resistance and yesterday's top would support further recovery of the Dollar. Immediate support is today's bottom at 89.58, and consistent break bellow it could strengthen the Yen further towards next objective 88.27. Today is Japan BoJ meeting minutes at 23:50 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is negative and calm, while CCI is under the 100 line on the 1 hour chart, giving overall short signals.Technical resistance levels: 90.62 91.87 92.81Technical support levels: 89.58 88.27 87.58
Already made +49 pips profit on USD/JPY today from the following signal:5:36 GMT+1 Sell USD/JPY at 90.08 SL 90.34 TP 89.58 exit at at 7:24 GMT+1.Total today +185, yesterday +145, as shown in details at http://www.zifx.com/performance.php.