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Yen Technical Outlook

Tuesday, 30 September 2008 14:46:30 GMT

Written by Jamie Saettele, Senior Currency Strategist

The USDJPY range persists.  There is little confidence right now in directionality at this time.  That feeling in itself warns of a breakout though. 

A break above the resistance line that has contained price since the end of August would warrant a bullish breakout play.  A drop below 103.52 warrants a bearish bias.

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