Market news
05.09.2011, 06:40

Techs on USD/JPY:

Resistance 3: Y78.50 
Resistance 2: Y77.70 
Resistance 1: Y77.00
Current price: Y76.72
Support 1: Y76.50
Support 2: Y75.90
Support 3: Y75.20

Comments: Dollar continues to narrow into the triangle on hourly charts, limited by Y76.50 and Y77.00 (support ans resistance respectively). Below Y76.50 losses may dip to Y75.90 (Aug 19 lows and record lows) and Y75.20. Break above Y76.90/00 recover may extend to Y77.70 (Aug 31 high) and Y78.50  (Aug 08 high).

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