Resistance 3: Y103.10
Resistance 2: Y102.35
Resistance 1: Y100.55
Current price: Y98.98
Support 1: Y98.30
Support 2: Y96.90
Support 3: Y94.60
Comments: The yen's real effective exchange rate, a measure of the
currency's value against those of Japan's trading partners after
adjustments for price trends, rose 11.2 percent in October from the
previous month, the biggest gain on record, Bank of Japan data showed
today. The index was at 111.1, the highest since August 2005. As the
nearest support acts area Y98,30 (21,8%FIBO growth Y90,90-Y100,55).
Further decrease to Y96,30 (38, %) and to Y94,60 (61,8 %) is possible.
In case of easing the yen, the nearest resistance will be area of a
yesterday's low on Y100,55 (besides the given mark also is area of low
of October 17 and a high of October 22). Overcoming of the given mark
will open road to Y102,35 (a high of October 20). Above is located
level Y103,10 (61,8 % of falling Y110,60-Y90,90).