17.11.2008 11:00

JPY/USD techs:

Resistance 3: Y100.55
Resistance 2: Y98.50

Resistance 1: Y97.60
Current price: Y97.09
Support 1: Y96.35
Support 2: Y95.90
Support 3: Y94.40
Comments: he yen had strengthened earlier after the Group of 20 nations failed to agree on specific measures to combat a global financial crisis, prompting investors to sell higher-yielding assets funded in Japan. The nearest support is presented by a level 50,0%FIBO of growth Y94,40-Y98,30 on Y96,35. Below possible decrease to Y95,90 (61,8 %) and further to a Thursday low on Y94,40. The nearest resistance is located in the field of МА (200) for Н1 on Y97,60 (also the given level is area of a session high). Overcoming of the given mark will open road to level Y98,50 (38,2%FIBO of falling Y110,65-Y90,90). Above is possible growth to Y100,55 (high of November; above, on Y100,75, is located the level of 50,0 % FIBO of falling Y110,65-Y90,90).






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