04.06.2008 14:36

USD/JPY techs:


Resistance 3: Y106.70
Resistance 2: Y106.30
Resistance 1: Y105.50

Current price: Y104.62
Support 1: Y103.80
Support 2: Y103.20
Support 3: Y102.60
Comments: Dollar holds within the recent range, limited by Y103.80/Y105.50 (support and resistance respectively). Below May 28 lows on Y103.85/90 the downside move may extend to Y103.20 and then – to May low on Y102.70/60. Above yesterday’s high on Y105.50 the target comes at trend line from July 2007 at Y106.30. Break higher will accelerate the rise to Y106.70.






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