Forex | Forex | Yen pushed to the downside (30/06/2009 03:58:00)

Yen pushed to the downside

FXstreet.com (Buenos Aires) – USD/JPY Current Price 96.17. Rising optimism is pushing Japanese yen to the downside, technically supported by the break of a descendant trend line coming form 98.56 highs, acting now as dynamic support around 96.00.

“Hourly charts along with bigger time frames remain bullish, expect the pair to gain momentum above 96.35 zone,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 96.00 95.55 95.25. Resistance levels: 96.35 96.70 97.10

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