Stone and McCarthy` s about dollar/yen prospects

Mihael Sakhitello from Stone and McCarthy 's, 5-day prospect of dollar/yen: After on Monday dollar/yen has reached level Y117.75 near to which there is a projection of ascending movement from a minimum on September, 9th to a maximum on September, 18th, postponed from a minimum on September, 20th, the pair has started to form down-correction. Ostsilljatory the day schedule are in area perekuplennosti, but continuation of their ascending movement assumes, that the basis in this correction can be noted on schedules near to 20-day sliding average, level Fibonachchi of 50 % from movement on September, 25th October and the previous line of resistance (Y116.20/Y115.63). Resistance: Y117.89 Restoration of 76.4 % from movement 08/08 (maximum) - 17/08 (minimum) Y117.42 Price consolidation on October, 5th Y117.25 5-day sliding average Current rate: Y116.67 Support: Y116.45 Restoration of 38.2 % from movement on September, 25th October Y116.20 The central curve of 20-day channel Bollindzhera of the day schedule Y115.99 50 % restoration of 50.0 % from movement on September, 25th October Forexpf. Ru - Forex News / news Forex