07.11.2008 11:52

JPY/USD techs:


Resistance 3: Y100.55

Resistance 2: Y98.90
Resistance 1: Y98.40
Current price: Y97.33
Support 1: Y96.10
Support 2: Y95.70
Support 3: Y94.60

Comments: Dollar-yen still sees daily studies encouraging a test of Y100.55/85, although the market has slipped under the 5&21-DMAs. Further Fibonacci resistance is at Y101.50, while support is at Y96.10 and the Tenkan line at Y95.70. Initial resistance is now the 5-day moving average and Kijun line at Y98.40/90.






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