Wednesday, August 5, 2009

USD/JPY OUTLOOK5/8/2009

The dollar weakened against the yen today and the pair recorded a low of 94.97 and a high of 95.39. having the dollar trading around 95.00 The pair is having a support at 94.80 along with a resistance at 95.35. It is expected that the pair will breach the support level to reach the next support at 94.40.
Support points : 94.62 - 94.40 - 94.08.
Resistance : 95.51 - 95.81 - 96.32.

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