USD/JPY 92.43 - 3 June 2010

USD/JPY Open 92.20 High 92.73 Low 90.57 Close 92.12

On Wednesday Dollar/Yen continued increasing, in converse with the Interbank sentiment at around -56%. The currency couple appreciated from 91.03 to 92.33 yesterday, closing the day at 92.12. This morning rising extended to 92.73. Break above today's peak and nearest resistance 92.73 would support further recovery of the Dollar. Immediate support is yesterday's bottom at 90.57, and consistent break bellow it could strengthen the Yen further towards next objective 89.62. There are no major economic events for Japan today. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating strong bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and inclining upwards, while CCI has crossed up the 100 line and is in the overbought zone on the 1 hour chart, still giving overall long signals.Technical resistance levels:92.73 93.55 94.40Technical support levels: 90.57 89.62 88.27

Trading range: 92.30 - 93.95Trend: UpwardBuy at 92.43 SL 92.13 TP 92.83

Already made +32 pips profit on USD/JPY today from the following signal:5:37 GMT+1 Buy USD/JPY at 92.20 SL 91.94 TP 92.70 exit at 8:23 GMT+1.Total today +144, yesterday +93, as shown in details at