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Japanese Yen Probes Bottom Of Pivot Zone

By Jamie Saettele, CMT, Sr. Technical Strategist
08 November 2006 12:19 GMT
The weekly pivot zone high is at 117.80 and a push through there would change the short term bias to bullish.  Targets on either side of the pivot zone are 116.54 on the low side and 118.45 on the high side.  Bolstering the bearish view is daily RSI slipping below 50. 

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08 November 2006 12:19 GMT