USD/JPY: Dollar, in range above 89.30

Thursday, October 15, 2009 , Posted by Prasanth at 12:47 AM

The Dollar has been moving in range between 89.30 and 89.65 during Asian session, after bouncing at 88.80 on Wednesday.

On the upside, range top lies at the mentioned 89.65 intra-day high, and above here, next resistance levels are 89.90 (Oct 14 high) and 90.20 (Oct 13 high). On the downside, support level lies at 89.20/30, and below here, 88.80 (Oct 14 low), and 88.65/70 (Oct 8 high).

EUR/JPY continues trading higher, the Euro bounced at 132.25 low on Wednesday to reach levels around 133.80 at the moment of writing, extending rally from 129.55 low on Oct 7. Resistance levels lie at 134.00 and 134.30. On the downside, support levels lie at 133.25 and 132.55.

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