Yen Technical Outlook

Published September 29th, 2008 - 07:00 GMT
Al Bawaba
Al Bawaba

The USDJPY range persists.  There is little confidence right now in directionality at this time.  That feeling in itself warns of a breakout though.



 A break above the resistance line that has contained price since the end of August would warrant a bullish breakout play.  A drop below 103.52 warrants a bearish bias.