17.10.2008 11:29

USD/JPY techs:

Resistance 3: Y104.30
Resistance 2: Y103.05
Resistance 1: Y101.80

Current price: Y101.15
Support 1: Y100.80
Support 2: Y99.20
Support 3: Y98.60
Comments: Growth of the US Stocks became the reason of decrease yen against dollar. Resistance is the session high on Y101,80. Above is possible growth to Y103,05 (October 14 high). Overcoming this level will open road to Y104,30 (50,0 % FIBO of decrease Y110,70-Y97,90). Intermediate support is located on Y100,80 (38,2 % FIBO of yesterday's growth). Overcoming of the given mark will open road to a yesterday's minimum on Y99,20 and further to Y98,60.






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