Yen Technical Outlook

Published June 10th, 2008 - 06:17 GMT
Al Bawaba
Al Bawaba

There is no change to the USDJPY analysis.



The pair has gone as far as it can go without forcing us to change the count that we have been following.  “We expect a top to form in the USDJPY before 107.20.”  Again, the rally from 95.72 is viewed as a triple combination correction (W-X-Y-X-Z); which itself is a larger 4th wave.