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Yen Technical Outlook

Tuesday, 21 October 2008 16:25:15 GMT

Written by Jamie Saettele, Senior Currency Strategist

Continue to favor the downside as long as price is below 103.10.  This keeps the longer term bearish count intact in which the USDJPY will accelerate lower and drop below 95.72. 

A push above 103.10 targets resistance from Fibonacci at 104.  Price ideally remains below 102.46 now. 

 

 

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