Friday, March 30, 2007

Japanese Yen Finding Support



A few days ago it looked as though the Japanese Yen was about to make a move to the upside but instead has moved back to the bottom of its trading range.

Notice how the Yen has found support at the 84.50 level. The Yen has tested this level 4 times and appears to be possibly building a base. My view is as long as the Fib retracement levels hold, I'll continue to be bullish on the Yen.

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