FXstreet.com (Barcelona)- The Dollar rose yesterday against the Yen from a 2-1/2 year low, in a day featured by extreme volatility. Cornelius Luca, economist at Global Forex Trading advances mixed o higher trading for the next sessions: Mixed to higher trading is now favored. Above 104/35, strong resistance comes at 107.95 from a 50-point pivot that targets 107.45 and 108.45. Distant resistance is at 109.65. On the downside, Luca forecasts: Immediate support remains at 106.35. Strong support follows at 105.50 from a 50-point pivot, which targets 115.00 and 116.00. Distant support lies at 104.25.
Join the Discussion