Thursday, September 28, 2006

Euro-USD and USD-Yen

The yen is now trading around 117.90 and I am going to abandon my 114.30 downside target. I now think the yen is headed for 119.50.

The Euro-USD is trading at 126.94 and is still holding 126.80 support. I just can't even make an educated guess whether this support will hold or not. If it fails I shall abandon the 131.50 upside target.

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