USD/JPY 94.12 - 29 April 2010
USD/JPY Open 94.03 High 94.29 Low 93.03 Close 94.02

Dollar resumed appreciating against the Yen on Wednesday, in converse with the Interbank sentiment at around -20%. Yesterday the currency couple increased from 93.03 to 94.29, closing the day at 94.02. The currency couple today is making further rising efforts. Break above the nearest 94.29 resistance and yesterday's peak would support further bullish perspective. Immediate support is yesterday's bottom at 93.03, and consistent break bellow it could strengthen the Yen further towards next objective 91.66. Today's focus is on Japan Nationwide and Tokyo CPI, Unemployment, Household spending, and Industrial output at 23:50 GMT. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is positive and calm, while CCI is neutral and dovish on the 1 hour chart, giving overall light short signals.Technical resistance levels: 94.29 95.00 95.89Technical support levels: 93.03 91.66 90.73

Trading range: 94.25 - 93.60Trend: DownwardSell at 94.12 SL 94.42 TP 93.73

Already made +2 pips profit on USD/JPY today from the following signal:5:36 GMT+1 Sell USD/JPY at 93.88 SL 94.14 TP 93.38 exit at 5:49 GMT+1.Total today +91, yesterday +164, as shown in details at