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Thursday, March 19, 2009

Forex News

USD/JPY: The Dollar testing 94.64 support level
Thu, Mar 19 2009, 14:09 GMT
USD/JPY: The Dollar testing 94.64 support levelFITITOL--> (Barcelona) – The Dollar has dropped down to what seems a rather critical key level at 94.64 (6 Jan high and 61.8% Fib retracement level of the Jan – March rally).If that level gives way, next support comes at 94.26 (24 Feb low), and below here 92.76 (23 Feb low) swinging below here, the Dollar could find next support level at 92.51 (20 Feb low).On the upside, bouncing from current levels, the Dollar could find first resistance level at 94.95 (24 Feb high), and above here 95.58 (Mar 12 low) before facing intra –day high at 96.60.

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