Forex | Forex | Forex: USD/JPY: Dollar bounces at 91.95 and reaches 92.75 high (04/09/2009 07:02:00)

Forex: USD/JPY: Dollar bounces at 91.95 and reaches 92.75 high

FXstreet.com (Barcelona) - The Dollar bounced on Thursday from fresh 6-week high at 91.95 and the Dollar reached 92.78 high, where it has been capped at the 100 hour SMA before easing to levels between 92.50 and 92.70.

Initial resistance lies at 92.75 (Sept 3 high) and above here 93.05 (Sept 2 high) and then 93.20/30. On the downside, support levels lie at 92.30, and below here, 91.95 (Sept 3 low) and 91.75/80 (13/8 Jul lows).

EUR/JPY bounced on Thursday from 131.14, and the pair reached levels above 132.00 during Friday's Asian session, in a context of general Euro weakness, with pair in a steady downward trend from 136.00 high on August 24. Resistance levels lie at 132.55 and 132.90/95. On the downside support levels are 131.60 and 131.00/15.
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