20.11.2008 11:32

JPY/USD techs:

Resistance 3: Y99.45
Resistance 2: Y98.50
Resistance 1: Y97.00

Current price: Y95.30
Support 1: Y94.40
Support 2: Y93.60
Support 3: Y90.90
Comments:The yen rose for a second day against the dollar and the euro on speculation a plunge in global stocks prompted investors to sell higher-yielding assets and pay back low-cost loans from Japan. The nearest support is located at level Y94,40 (Thursday's low). Below possible falling to level Y93,60 (76,4 % FIBO of growth Y90,90-Y100,55) and further to a level of 13 years low on Y90,90. Overcoming of level МА (200) for Н1 on Y97,00 will open road to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). Above is possible growth to Y99,45 (a high of November, 10).






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