USD/JPY 94.50 - 5 May 2010
USD/JPY Open 94.70 High 94.98 Low 94.32 Close 94.55

Dollar/Yen traded within a range on Tuesday, in line with the morning Interbank sentiment at nearly -10%. Yesterday the currency couple decreased from 94.98 to 94.32, than climbing back up, closing the day at 94.55. The currency couple today is making further rising efforts towards 95, but without success so far. Break above the nearest 94.98 resistance and today's top would support further bullish outlook. Immediate support is yesterday's bottom at 94.32, and consistent break bellow it could strengthen the Yen further towards next objective 93.73. Today is Japan's Children's Day. Quotes are moving just above the close to one another 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The values of the RSI and MACD indicators are positive and calm, while CCI is positive and inclining upwards on the 1 hour chart, giving overall light long signals.Technical resistance levels: 94.98 95.73 97.00Technical support levels: 94.32 93.73 93.03

Trading range: 94.40 - 95.00Trend: UpwardBuy at 94.50 SL 94.20 TP 94.90

Already made +2 pips profit on USD/JPY today from the following signal:5:33 GMT+1 Sell USD/JPY at 94.71 SL 94.97 TP 94.21 exit at 5:36 GMT+1.Total today +106, yesterday +142, as shown in details at