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Forex Trading: The dollars strength helps the USDJPY get above the 50% retracement

Posted by Greg Michalowski on Wed, 04/02/2008 - 8:00am in

The USDJPY was able to move higher above the 50% retracement level at 102.17 as the dollar continued to strengthen this morning.  The pair is trading at the highest level since March 12th.  102.80 will be eyed as upside resistance.  Watch the 17 level on the downside to hold support.

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