Forex: USD/JPY: Dollar, testing 90.00 on retreat from 90.70 high

Tue, Nov 3 2009, 07:58 GMT
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FXstreet.com (Barcelona) - USD/JPY recovery from 89.15 low on Monday's early Asian session, met resistance at 90.70 on Monday's U.S. session, and the pair eased during Asian session, to test 90.00 area at the moment of writing.

On the downside, initial support level lies at 89.85/90 (Oct 30 low), and below here, 89.40/55 and 89.15 (Nov 2 low). On the upside, resistance levels are the mentioned 90.70 (Nov 2 high), and above here, 90.90/00 area and 91.30/35.

EUR/JPY bounced o Monday from 130.95, 3-weeks low, up to a session high at 134.50 and the pair dropped afterwards, to dip below 133.00 at the moment of writing. Support levels are 132.80/00 and 132.30. Resistance levels lie at 134.50/65and 135.20.

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