Resistance 3: Y101.50
Resistance 2: Y101.00
Resistance 1: Y99.80
Current price: Y98.94
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).