23.07.2008 14:31

USD/JPY techs:

Resistance 3: Y109.00
Resistance 2: Y108.50
Resistance 1: Y107.80

Current price: Y107.74
Support 1: Y106.70

Support 2: Y106.00
Support 3: Y105.50

Comments: Dollar holds higher with minor resistance is around Y107.80. Further rise may bring the rate to Y108.50 and Y109.00. Strong support comes at 50% Fibo level on Y106.70. Then the decline may extend to Tuesday’s low on Y106.00/05.






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