Resistance 3: Y103.50
Resistance 2: Y103.10
Resistance 1: Y102.15
Current price: Y101.48
Support 1: Y101.10
Support 2: Y100.45
Support 3: Y99.90
Comments:
The yen rose for the first day in five against the dollar on
speculation the U.S. Treasury's $250 billion investment in financial
institutions won't prevent a recession in the world's biggest economy.
The nearest support is located on Y101,10 (session low, and also a
level of 38,2 % FIBO of growth Y97,80-Y103,10). Below loss of a rate
can will increase up to Y100,45 (50,0 %) and further to Y99,90 (61,8
%). The nearest resistance is Y102,15 (session high). Further is
located level Y103,10 (area of a yesterday's high). Above there is a
probability of return to Y103,50 (area of July 16 and Sep 16 lows).