Wed, Apr 2 2008, 15:14 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) – The Dollar has continued rallying against the Yen, reaching 102.58, although, according to the ActionForex technical team, the intraday momentum is slowing down: “Still, further rally should be seen as long as 101.49 minor support holds. As discussed before the corrective rebound from 95.77 is still in progress and could extend further to test 103.59 resistance zone.” On the downside, the ActionForex Team foresees: “Below 101.49 will turn intraday outlook neutral first. But break of 98.55 support is needed to indicate rise from 95.77 has completed. Otherwise, another rise cannot be ruled out.”
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