Dollar/yena. Technical sight CIBC.

"Right now 20-day MA (the short-term Japanese standard) and 100-day sliding average value starts to form " the dead cross ", for the first time since October 2004, finishing the period after formation " a gold cross ", lasting 12-months ", - is spoken by technical analysts in CIBC. It assumes testing and break of support of a line of a trend on Y113.95 with "very high probability ", analysts confirm. Expect additional losses if the minimum nearby Y113.40 is punched on January, 12th, they speak. "after that the market should test quickly the central support on Y112.50 and, finally, 110.00 ", - speaks CIBC. Resistance is noticed on Y115.00 and Y115.85 (100-day MA and a maximum on January, 17th). "Attempt to rise above should not be considered as sale possibility if level Y116.00 is punched that will call revaluation of prospects in given pair of currencies ", - speaks CIBC Forexpf. Ru - Forex News / News Forex