Resistance 3: Y111.40
Resistance 2: Y110.00
Resistance 1: Y108.70
Current price: Y108.50
Support 1: Y107.30
Support 2: Y106.00
Support 3: Y105.40
Comments: The dollar has established new session high against yen.
Resistance is around sessions 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 Y111.40. 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 Y105.40.