Resistance 3: Y101.50
Resistance 2: Y101.00
Resistance 1: Y99.80
Current price: Y100.68
Support 1: Y98.50
Support 2: Y97.90
Support 3: Y95.75
Comments: The yen rose against the dollar, headed for its biggest
weekly gain in a decade, on speculation a global stock-market rout will
prompt investors to pare holdings of higher-yielding assets funded with
the Japanese currency.
The yen was on course for its largest weekly gain versus the euro as
the Dow Jones Industrial Average and Nikkei 225 Stock Average both fell
below 9,000 for the first time since 2003. The Nikkei 225 Stock Average
tumbled as much as 11 percent and the Dow plunged 7.3 percent yesterday.
At present as the nearest level of support acts Y98,50 (Oct 8 low),
further is located a level a session low on Y97,90, which successful
overcoming to Y95,75 (March 17low). At continuation of growth area
level Y99,80 will be the nearest resistance (session high, and also a
level 23,6% FIBO falling Y106,15-Y97,90). Above is possible return to
Y101,00 and Y101,50 (38,2 % FIBO and area of a yesterday's high
accordingly).