Resistance 3: Y104.50
Resistance 2: Y104.10
Resistance 1: Y103.60
Current price: Y103.12
Support 1: Y102.60
Support 2: Y101.50
Support 3: Y100.00
Comments:
The dollar fell for a fourth day against the yen on speculation reports
will show a deepening slump in the U.S. economy. Pending home sales
fell 1.1 percent in August after a 3.2 percent decline in the previous
month, according to economist. The National Association of Realtors
will release the data on Oct. The nearest support is presented by area
of May's lows on Y102,60. Below there is a chance of falling to Y101,50
and further to Y100,00 (April 10 low). Resistance is presented by
levels FIBO from falling Y106,15-Y102,80: Y103,60 (23,6 %, and also
level Y103,40 is area of low Sep 30, 16 and July 16), Y104,10 (38,2 %),
Y104,50 (50,5 %, also area of Friday's low).