Forex: USD/JPY: Dollar rangebound between 90.00 and 91.30

Fri, Nov 6 2009, 08:01 GMT
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FXstreet.com (Barcelona) - The Dollar continues trading sideways within the current week's range, constrained between strong support at 90.00 and resistance at 91.30. On Thursday's European session the pair bounced at 90.00 to cap at 90.85 on early Asian session, and return to 90.40 area at the moment of writing.

Resistance levels lie at 91.00 and 91.30 (Nov 4 high), above here, 91.60/65 (Oct 30/29 highs). On the downside, support levels lie at 90.25/30, and below here at 89.85/00 (Nov 3 and 5 lows) and then 89.40/55.

EUR/JPY has been consolidating nn a band from 134.30 and 135.15 during Asian session, after bouncing on Thursday from 133.35 low. Resistance levels are 135.15 and 135.75. Support levels lie at 133.95/00 and 133.20/35.

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