Yen Technical Outlook

Published September 10th, 2008 - 06:23 GMT
Al Bawaba
Al Bawaba

Bigger picture, the advance from 95.72 is in 3 waves (corrective) and has retraced 50% of the decline from 124.13. 



As such, we are looking for the longer term downtrend to continue.  This is our stance as long as price is below 110.65.