13.10.2008 11:29

USD/JPY techs:

Resistance 3: Y102.70
Resistance 2: Y101.50
Resistance 1: Y101.20
Current price: Y100.67
Support 1: Y99.50
Support 2: Y98.50
Support 3: Y97.90
Comments: The yen climbed as the MSCI Asia-Pacific Index of regional shares excluding Japan trimmed its gain to 1.6 percent from as much as 4.2 percent earlier in Asian trade. The nearest resistance is Y101,20 (session high). Further is located level Y101,50/65 (area of Wednesday-Thursday highs). Above there is a probability of return to Y102,70 (38,2 % FIBO of falling Y110,70-Y97,90). The nearest support is located on Y99,50 (session low). Below loss of a rate can will increase up to Y98,50 and further to Y97,90 (Friday's low).






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