Resistance 3: Y98.10
Resistance 2: Y96.70
Resistance 1: Y96.30
Current price: Y96.00
Support 1: Y94.60
Support 2: Y93.60
Support 3: Y90.90
Comments:
The yen fell today against most of the main currencies after the
Reserve Bank of Australia intervened to support its currency, fueling
speculation more central banks plan to enter the market. The yen
yesterday rose to a two-week high against the greenback after U.S.
Treasury Secretary Henry Paulson's plan to divert bailout money from
banks sparked a reduction in purchases of higher-yielding assets. The
nearest resistance is located in the field of Y96,30 (session high and
a level of 50,0 % FIBO of yesterday's falling). Overcoming of the given
mark will open road to level Y96,70 (61,8 %) and further to yesterday's
high on Y98,10 (also this mark acts as level МА (200) for Н1). The
nearest support is presented by a level of 61,8 % FIBO of growth
Y90,90-Y100,55 on Y94,90. Below possible decrease to Y93,60 (76,4 %)
and further to a 13-month's low on Y90,90.