The dollar yen pair continued to gain yesterday as the dollar is attracting investors more than the Japanese yen in the last period.
The pair reached 92.00 levels where it is trading around today, and the pair is targeting 93.00 on the short term, while momentum indicators on the daily charts says the pair is trading in an overbought area, that may stop the pair's rally.
Yet, the 91.15 level remain a strong support for the pair and today it recorded a high of 92.25 and a low of 91.97.
Wednesday, December 30, 2009
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