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Japanese Yen Rejects 118.50

By Jamie Saettele, CMT, Sr. Technical Strategist
10 November 2006 12:13 GMT
Slight bearish divergence on the hourly with RSI gives scope to a rally attempt.  Initial resistance would be at 117.65.  It takes a break below 116.54 to suggest that a more pronounced decline is underway.   

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10 November 2006 12:13 GMT