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Dec 02

TECHNICAL ANALYSIS BY NSFX 02.12.2013

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Today will be used the monthly chart for the analysis of the pair because is useful to consider key level on a longer time frame. If the cross rate rises above 103.65 area then the next significant resistance will be the supply line that was generated in  the August 1998. If a breakout will have success then 124 could be the first target. In case the Japanese Yen will gain ground versus the greenback 100 would be the first support and below that level area 92.

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