Wednesday, May 7, 2008

YEN EXPECTED TO TRADE

YEN chart indicates the currency to have an upward correction for the day . The trading range is expected between 104.20-105.40.support is seen at 104 levels and resistance at 105.60 levels. Momentum remains in the overbought territory. But RSI supporting bull run and the currency is also seen trading above the fast moving averages confirming the trend.

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