USD/JPY 93.98 - 27 April 2010
USD/JPY Open 93.88 High 94.35 Low 93.34 Close 93.94

Dollar resumed appreciating against the Yen on Monday, in converse with the Interbank sentiment at nearly -9%. Yesterday the currency couple climbed from 93.92 to 94.34, closing the day at 93.94. Break above the nearest 94.34 resistance and yesterday's top would support further bullish perspective. Today, however, the currency couple started deeply correcting downwards. Immediate support is today's bottom at 93.63, and consistent break bellow it would strengthen the Yen further towards next objective 92.74. Today's focus is on Japan Retail sales 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 calm, while MACD and CCI are negative and declining on the 1 hour chart, giving overall short signals.Technical resistance levels: 94.34 95.00 95.89Technical support levels: 93.63 92.74 91.60

Trading range: 94.00 - 93.35Trend: DownwardSell at 93.86 SL 94.16 TP 93.46

Already made +19 pips profit on USD/JPY today from the following signal:5:31 GMT+1 Sell USD/JPY at 93.86 SL 94.12 TP 93.36 exit at 8:11 GMT+1.Total today +111, yesterday +127, as shown in details at http://www.zifx.com/performance.php.