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Japanese Yen May Decline versus Euro, British Pound

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 27, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The British Pound/Japanese Yen is starting to show signs of a makeshift bottom, as weekly oscillators have registered their most extremely oversold conditions in over 20 years and subsequently reversed. The short-term picture is less clear, but the pair continues to hover near its lowest levels since 1995.

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