Resistance 3: Y104.50
Resistance 2: Y103.50
Resistance 1: Y103.10
Current price: Y102.22
Support 1: Y101.80
Support 2: Y101.10
Support 3: Y100.45
Comments: The yen fell for
a second day against the dollar as increased support for banks by
European and the U.S. governments encouraged investors to add to
holdings of high-yielding assets funded in the Japanese currency -
practice known as carry trades. The nearest resistance is Y103,10
(session high). Further is located level Y103,50 (area of July 16 and
Sep 16 low). Above there is a probability of return to Y104,50 (Oct 3
low). The nearest support is located on Y101,80 (session low and also a
level of 23,6 % FIBO of growth Y97,80-Y103,10). Below loss of a rate
can will increase up to Y101,10 (38,2 %) and further to Y100,45.