FXstreet.com (Barcelona) - The Dollar declined further against the Yen on Friday, according to Cornelius Luca, economist at Global Forex Trading, the Dollar is oversold: It remains oversold, but only a break above 110.10 would rectify this situation. Support is seen at 108.10. This is followed by 107.95 from a 50-point pivot that targets 107.45 and 108.45. Resistance, adccording to Luca moved to the 109.15 area: Initial resistance moved to 109.15 from a 50-point pivot, which targets 109.65 and 108.65. Above 110.05 there is strong resistance at 110.35 from another 50-point pivot that targets 109.85 and 110.85.
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