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Euro Yen Spread June 5, 2009

The Euro/ Yen spread has been holding around the 137.22 target I was looking for, and this is mailnly due to the Yen outright weakness, and the Euro has been sideways, and not deteriorating very much.  The spread is still in buystalk mode and remains overall in a bullish sentiment.

 

139.78   upper resistance

138.50   resistance

137.92   high/ positive if above

137.72   resistance/ support

136.68   magnet level

135.36   support

134.76   support

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