Dollar / yen is persistently trying to penetrate the area of support 90.15/12. According to currency analysts Commerzbank, breach of these levels will open the way to further reduce the pair to a minimum in January 2009 at 87.55 and 87.15. The bank believes that the upward movement of a pair stumble upon a snag in the form of 20-day moving average, which takes place at 91.89 - in case of a breakthrough at this level next resistance area speak 93.05/30. At the moment pair dollar / yen is trading near the 90.20 level.
Friday, September 25, 2009
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