The pair is still correcting the previous upwards movement and the yen traders are trying to build a good resistance at the fibo 50% at1.515 yens per pound. On the other hand, since a double floor was built last October 7th, an upwards trend was formed and this seems to be holding. In this case, the price will have to break the fibo 50 and then seek, today, 154 yens per pound.

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