05.11.2008 14:20

JPY/USD techs:

Resistance 3: Y103.10
Resistance 2: Y102.35
Resistance 1: Y100.55
Current price: Y99.03
Support 1: Y98.30
Support 2: Y96.90
Support 3: Y94.60

Comments: The pair has tested the nearest support in the field of Y98,30 (21,8%FIBO growth Y90,90-Y100,55) then has receded to level Y99,00. 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).






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