YEN is expected to trade in the narrow range of 104.80-105.90.With good support seen at 104.50 and resistance is seen at 106.10 levels for the day. Chart pattern indicates the currency to have a Mixed note for the day as the momentum is trending upwards and currency is also seen trading above the moving average but stochastic and MACD are supporting the bear trend.
Monday, May 5, 2008
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