SearchUSD/JPY Daily Outlook15th February 2008 USD/JPYs corrective rise was limited at 108.59, slightly below mentioned 108.61/71 cluster resistance (38.2% retracement of 114.77 to 104.96 at 108.71 & 100% projection of 104.96 to 107.89 from 105.68 at 108.61). Subsequent retreat and break of 108.00 indicates an intraday top is in place. Outlook ... This article is courtesy of EffectiveFX British Pound / US Dollar Technical Levels | Weekly Outlook: Spotlights on Inflation | Mid-Day Report: Dollar Extends Weakness after PCE, CAD Sold off from New 30 Yr High Categories: Forex News |
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