Monday, June 29, 2009

Commerzbank expects the restoration of the dollar / yen

The pair dollar / yen is trying to penetrate the ground vnutrinedelnogo range limits at the levels of 95.10 and 98.00. According to analysts of Commerzbank, a breakthrough in the case below, the dollar / yen rush to the next significant support level at 94.00. However, in general, at the bank declined to the couple is likely to be restored to the top of the range near the 98.00 level, encountering obstacles in their path at levels 96.55 and 97.20. As a strategy for Commerzbank prefer to open long positions on the current exchange rate with the foot at 94.65. Now a pair of dollar / yen is at around 95.40.

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