Forex: USD/JPY: Dollar above 90.00, appoaches yeaterday's high at 90.35

By IBTimes Staff Reporter | December 18 2009 5:25 AM

FXstreet.com (Barcelona) - Dollar rebound from Asian session low at 88.90 has extended during European morning through 90.00, and the pair, right now trading around 90.25, eyes Thursday high at 90.35.

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In case of breaking above 90.35 (Dec 17 high), next resistance levels come at 90.75 (Dec 3 high) and 90.85 (Nov 5 high). On the downside, below 90.00, next support levels lie at 88.60 (Dec 15 low) and 88.30 (Dec 14 low).

According to Alex Rudolph, technical analyst at Commerzbank, a break above 90.35 is unlikely: A, for Friday not expected, break above it will have the current December 90.78 high point in view.

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