21.11.2008 11:34

JPY/USD techs:

Resistance 3: Y98.50
Resistance 2: Y96.50
Resistance 1: Y95.70

Current price: Y95.20
Support 1: Y94.40
Support 2: Y93.60
Support 3: Y90.90
Comments: The yen declined against the dollar and the euro as a rebound in Asian equities revived demand for higher-yielding assets financed with loans in Japan. The nearest resistance - level Y95,70 (61,8 % FIBO of decrease Y97,10-Y93,55). Overcoming of the given level will open road to level Y96,50 (МА (200) for Н1). Above is possible growth to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). The nearest support is located at level Y94,40 (low of the last week). Below possible falling to level Y93,60 (76,4% FIBO growth Y90,90-Y100,55) and further to a level of thirteen years low on Y90,90.






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