© Dukascopy
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Daily
maximum: 103.24
As the European debt woes worsen, investors continue purchasing the Japanese yen versus the single European currency, piercing the market mean at 102.98. Investors should consider resistance lines at 103.32, 103.76 and 104.51, and closely watch the last support levels at 102.25 and 101.50. The daily trading signals point at a continuation of the bearish trend up front.