USD/JPY 93.16 - 31 March 2010

USD/JPY Open 92.80 High 93.56 Low 92.13 Close 92.77

Dollar/Yen appreciated on Tuesday, in converse with the very negative bank sentiment at around -78.3%. The currency couple climbed from 92.13 to 93, closing the day at 92.77. Today Dollar's climbing continued up to 93.56 against the Yen. Break above the new 93.56 resistance would confirm the bullish perspective for now. The medium term trend seems to be turning from neutral to bullish as the upward impulse is gaining momentum on the 3 hour chart. Immediate support is yesterday's bottom at 92.13, and only consistent break bellow it may give the Yen some options. Today at 23:50 GMT is the BoJ Tankan survey Q1. Quotes are currently moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish market. The RSI indicator is positive and rising, MACD is positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.
Technical resistance levels: 93.56 94.39 95.44
Technical support levels: 92.13 91.08 89.94

Already made +10 pips profit on USD/JPY today from the following signal:
5:40 GMT+1 Buy USD/JPY at 93.33 SL 93.07 TP 93.83 exit at 6:02 GMT.
Total today +76, yesterday +188, as shown in details at