Yen Technical Outlook

Published July 7th, 2008 - 07:55 GMT
Al Bawaba
Al Bawaba

The USDJPY continues to push higher but the 108.00-108.50 level remains formidable resistance and only a definitive break through that barrier would suggest a clear upside bias.



At this point the price action remains indecipherable but continue to view the up move with skepticism and believe that failure at these levels is more likely.