Published: Tue, 19 May 2009 15:34:00 +0200
Forex: USD/JPY: Dollar gives away today's gains, and tests 96.10 resistance
FXstreet.com (Barcelona) - Dollar has reversed today's gains and, from intra-day high at 96.70 the Dollar has dropped to test key levels around 96.10 (38.20% Fib resistance of the Aug-Jan decline)
Below 96.10, next support level comes at 95.75 and below there, 95.15 (May 14 low) and 94.55 (May 18 low). On the upside, recovery above 96.10 could find resistance at intra-day high at 96.70, and once above there, 97.15/25 (May 11 low) and 97.90 (may 6 low).
EUR/JPY rally from 126.95 has capped at 131.85 and the Euro has pulled back to levels right above intra-day low at 130.15. Support levels lie at the mentioned 130.15 and 129.90. On the upside, resistance levels lie at 131.85 intra-day low and 132.40.
By Fxstreet.com
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