USD/JPY 92.73 - 4 January 2010
Happy New 2010! Dollar/Yen tried to reach higher levels last day of 2009, reaching a peak at 93.10, but closed the year lower at 92.99. Our expectations are neutral in the short term and we will be looking for a strong bullish move above the 93.20 level to confirm the upward outlooks, which is our preferable scenario for the moment, with next objectives towards 93.98. The nearest support is 92.69. Break bellow this level may threaten the bullish expectations and weaken the Dollar further against the Yen towards 92.09. The CCI indicator is neutral and leaning upwards on the 1 hour chart, suggesting insignificant bullish pressure.
Technical resistance levels: 93.20 93.98 94.75
Technical support levels: 92.69 92.09 91.44
Already made +37 pips profit on USD/JPY today from the following signal:
7:34 Sell USD/JPY at 93.21 SL 93.47 TP 92.71 exited at 8:38 GMT.
Total today +197, last Thursday +207, as shown in details at www.zifx.com/performance.php.