Forex: USD/JPY: Dollar peaks at 97.27 and returns below 97.00

Tuesday, June 16, 2009

Tue, Jun 16 2009, 14:37 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - Dollar rally from 96.06 low ahead off the European opening times, has capped at 97.27 intra-day high, and the pair has returned to levels below 97.00.

The pair stands now at 96.75 support level, and in case of further decline next support level lies at 96.55 (Jun 5 low) and 96.00/10 intra-day low.


On the upside, initial resistance comes at 97.05 (Jun 10 low), above here, next resistance comes at 97.25 intra-day high and then 98.00.

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