Resistance 3: Y104.50
Resistance 2: Y103.90
Resistance 1: Y103.30
Current price: Y101.93
Support 1: Y101.30
Support 2: Y100.00
Support 3: Y99.70
Comments:
The
yen also declined from a six-month high versus the dollar as
Australian policy makers slashed borrowing costs by a full percentage
point, double the reduction forecast by economists. Asian stocks and
the Australian dollar pared losses as investors bet slides in benchmark
interest rates will revive confidence in higher-yielding assets.
Resistance is presented by levels FIBO from falling Y106,15-Y100,20:
Y103,30 (38,2 %, and also level Y103,40 is area of Sep 30,16 and July
16 lows, and area of a session high), Y103,90 (50,0 %), Y104,50 (61,8
%, also area of Friday's low). The nearest support is presented by
hourly lows on Y101,30. Below there is a chance of falling to
Y100,00/20 (Apri 10 low and yesterday's low).