FXstreet.com (Barcelona) - Dollar Yen sank yesterday to its lowest level since November the 27th. Cornelius Luca economist at Global Forex Trading: It remains oversold, but again, only a break above 110.10 would rectify this situation. Support is seen at 107.95 from a 50-point pivot that targets 107.45 and 108.45. Below 107.37 there is further support at 106.30. Esistance levels, in Luca's opinion, stand as follows: Initial resistance comes at 109.00. Strong resistance follows at 109.15 from a 50-point pivot, which targets 109.65 and 108.65. Above 110.05 there is strong resistance at 110.35 from another 50-point pivot that targets 109.85 and 110.85.
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