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Yen Technical Outlook
Monday, 23 June 2008 15:54:53 GMT
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Despite the near term rally that took the pair higher by nearly 100 points today, USDJPY remains range-bound with 108.50 still creating a massive ceiling of resistance, 107.00 acts as first level of support with 106.50 serving as the next support zone. We continue to be on the side lines watching the price action.
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