Resistance 3: Y111.00
Resistance 2: Y110.00
Resistance 1: Y108.40
Current price: Y107.99
Support 1: Y107.30
Support 2: Y106.00
Support 3: Y105.00
Comments: Dollar holds within the upward channel from Jul 18, limited by Y105.00/Y111.00 (key support/resistance). Resistance is around last Thursday’s high on Y108.40. Strong resistance comes at Fibo level on Y110.00 (50% of the move from Jun 2007 highs at Y124.10 to Mar 16 lows on Y95.70). 100 points higher the next band of resistance is – near channel line on Y111.00. Strong support is near Y107.30 (23.6% of Y103.70 - Y108.30/40 rise). Below losses may widen to 50% Fibo on Y106.05/00, then – near channel line on
Y105.00.