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Japanese Yen Quietly Stronger

By , Sr. Technical Strategist
17 April 2006 08:59 GMT
Ascending triangles are typically bullish continuation patterns.  This upper flat line of the pattern serves as immediate resistance and a break above is required to rid the technical picture of the present confusion.  A break below the lower trendline that began on 3/20 intersects at around 117.50 and must hold to keep a bullish bias.   

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17 April 2006 08:59 GMT