31.10.2008 11:01

JPY/USD techs:

Resistance 3: Y100.55
Resistance 2: Y99.70

Resistance 1: Y99.00
Current price: Y97.03
Support 1: Y96.30
Support 2: Y94.30

Support 3: Y90.90
Comments: The yen has reacted to decrease by the central bank of the country of a discount rate by growth against dollar. The nearest support is presented by a level 38,2%FIBO growth Y90,90-Y99,70 on Y96,30. Below possible decrease to Y94,30 (61,8 %). Overcoming of the given mark will open road to October 24 low on Y90,90. The nearest resistance is located in the field of a session high on Y99,00. Above is located the yesterday's high on Y99,70. Overcoming of the given level will open road to Y100,55 (low of October 17 and high October 22).






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