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To: Rarebird who wrote (37712)7/30/1999 6:12:00 PM
From: goldsnow  Respond to of 116786
 
Watching Fibonacci

The level of about 114.52 yen was one support point because
at that price, the dollar had lost 61.8 percent of the gains from
its 1999 peak. That's significant for traders who watch the so-
called ''Fibonacci retracement'' chart for signs about the
dollar's next move, said Ben Strauss, a trader at Bank Julius
Baer. The dollar reached a high this year of 124.75 on May 20.
quote.bloomberg.com