Dollar at Resistance

08/28/2008 12:00 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

The daily chart of the $/Yen shows the sharp dollar rally from the March lows. Now testing the 50% retracement resistance at 110.30 with additional resistance in the 112 $/Yen area There is some loss of upside momentum but no daily sell signals yet. Key support at 108 $/Yen

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