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Yen Technical Outlook
Tuesday, 25 August 2009 15:16:22 GMT  |  Jamie Saettele, Senior Currency Strategist
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After a false break through channel resistance, the USDJPY is back below both the 55 and 200 day moving averages. The pair has failed at the 38.2% of the decline from 97.81 and Fibonacci resistance extends to 96.13. I like the idea of selling rallies with stops above 97.81.

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