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Yen Technical Outlook

Wednesday, 09 July 2008 14:23:45 GMT

Written by Jamie Saettele, Technical Currency Analyst

There are 3 waves up from 95.72 so a top may be in place at 108.57.

A cautious bearish bias is warranted against that level.  Additionally, the 200 day SMA is acting as resistance and has since early June.

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