Tech on USD/JPY

Market news

3 March 2011

Tech on USD/JPY

Resistance 3:Y83.50 (Feb 22 high)

Resistance 2:Y82.90 (Feb 23 high)

Resistance 1:Y82.25 (Mar 1 high)

Current price: Y81.92

Support 1:Y81.60 (Feb 24 and 28, Mar 2 low)

Support 2:Y81.30 (support line from Dec 31)

Support 3:Y80.90 (Dec 31 and Jan 3 low)

Comments: the pair bargains in a narrow range. The nearest resistance - Y82.25. Above growth is possible to Y82.90. The nearest support - Y81,60. Below losses are possible to Y81.30.

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