Forex | Forex | Forex: Dollar extends its recovery above 92.50 against Yen (03/09/2009 15:07:00)

Forex: Dollar extends its recovery above 92.50 against Yen

FXstreet.com (Barcelona) – The Dollar's recovery against Yen from 7-week low at 91.90 has continued during the American session to post fresh intra-day high at 92.65 after rising around 75 pips.

Currently the pair is trading around 92.50/60, on consolidation mode, posting 0.35% daily gains from opening price action.

Valeria Bednarik, FXstreet.com collaborator, comments: “Pair failed to break under 92.00 and is slowly regaining the upside, yet still generally bearish do to market sentiment. Hourly indicators show pair could correct to the downside in the next hours, before taking aims to move higher. Watch for the 92.60 level to give up, to consider further rises here.”

Bednarik comments: “Support levels: 92.20 92.00 91.70. Resistance levels: 92.60 93.00 93.35.”

For more information, read our latest forex news.


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