29.10.2008 13:48

JPY/USD techs:


Resistance 3: Y102.35

Resistance 2: Y100.55
Resistance 1: Y97.95
Current price: Y99.09
Support 1: Y96.30
Support 2: Y94.30
Support 3: Y90.90


Comments: Growth of world stocks puts pressure up on yen. USD/JPY it is corrected after yesterday's growth and at the moment tests support in the area of Y96,30 (38.2 % FIBO of yesterday's growth). Below possible fall to the area Y94,30 (61,8 %) and further to 13 years low on Y90,90. Resistance is the area 200 day МА on Y97,95/Y98,00. Overcoming of the given level will open road to Y100,55 (October 17 low and October 22 high). Above is possible return to October 20 high on Y102,35.






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