USD/JPY 93.17 - 7 September 2009 USD/JPY Open 93.06 High 93.28 Low 92.55 Close 92.95

Dollar/Yen made a moderate bullish movement on Friday. The currency pair continued the upward correction with test of the 38.4% Fibonacci correction of the drop from 97.66 to 92.08 at 94.20, closing the week at 92.95. However, the main trend remains downwards. The nearest support is Friday's bottom 92.55. Break at that level may confirm the end of the upward adjustment and lead to a continuation of the bearish scenario with targets towards 91.40. The CCI indicator has crossed down the 100 line on the 1 hour chart, showing accumulated bearish pressure.

Technical resistance levels: 93.30 94.45 95.50

Technical support levels: 92.55 91.40 90.45

Trading range: 93.30 - 92.65

Trend: Downward

Sell at 93.17 SL 93.47 TP 92.77

Already made +18 pips profit on USD/JPY today from the following signal:

5:38 GMT+1 Buy USD/JPY at 93.12 SL 92.86 TP 93.62 at 7:07 GMT.

Total today +139, on Friday +123, as shown at www.zifx.com/performance.php

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