30.09.2008 11:11

USD/JPY techs:

Resistance 3: Y105.60
Resistance 2: Y105.20
Resistance 1: Y104.80

Current price: Y104.44
Support 1: Y103.45
Support 2: Y102.60
Support 3: Y100.00

Comments: he yen rose to its highest in almost two weeks against the euro on concern U.S. lawmakers' rejection of a $700 billion bank rescue plan will cause credit losses to mount, curbing demand for higher-yielding assets. The nearest support is located in session low on Y103,45, the area of May 9, 12 and 22 low on Y102,60 further follows, overcoming of the given mark will open road to level Y100,00 (April 10 low). The nearest resistance is presented by area Y104,80 (38,2 % FIBO of yesterday's falling), above is possible growth to Y105,20 (50,0 %) and Y105,60 (61,8 %) .






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