12.11.2008 11:29

JPY/USD techs:

Resistance 3: Y100.55
Resistance 2: Y99.70
Resistance 1: Y98.40
Current price: Y97.63
Support 1: Y96.90
Support 2: Y95.70
Support 3: Y94.60
Comments: The yen fell as U.S. stock futures gained giving investors confidence to increase holdings of higher-yielding assets financed in Japan. The nearest resistance is located in the field of МА (200) for Н1 on Y98,40. The high of October 29 on Y99,70 is a following level of resistance. Overcoming of the given level will open road to Y100,55 (low of October 17 and high of October 22). The nearest support is presented by a level of 38,2 % FIBO of growth Y90,90-Y100,55 on Y96,90. Below possible decrease to Y95,70 (50,0 %) and further to Y94,60 (61,8 %).






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