27.10.2008 11:13

JPY/USD/echs:

Resistance 3: Y95.90
Resistance 2: Y95.30
Resistance 1: Y94.50

Current price: Y92.72
Support 1: Y91.90
Support 2: Y90.90
Support 3: Y88.00

Comments: The yen climbed for a fifth day against the dollar as the risk of a global recession and an extended slump in the world's stock markets prompted investors to slash carry trades. The nearest support is the area of a session low on Y91,90. Below possible falling to a Friday's low on Y90,90 and further to Y88,00 (area of August 1995 low). The nearest resistance is levels 50,0%FIBO of Friday's decrease on Y94,50 (and also area of a session high). Above is possible growth to Y95,30 (61,8 %) and further to Y95,90 (area of Thursday's low).






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