Tuesday, October 14, 2008

The yen rose

The yen rose for the first day in five against the dollar on speculation the U.S. Treasury's $250 billion investment in financial institutions won't prevent a recession in the world's biggest economy.
tecn view
YEN R1: 102.60 S1:100.60
R2: 102.80 S2:100.20
yen chart pattern indicates the currency to be on downside for the day. .Trading range for the day is expected between 100.95-102.40 levels. Stochastic hints for the downside movement for the day.

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