Yen Technical Outlook

Published June 8th, 2009 - 06:09 GMT
Al Bawaba
Al Bawaba


US Dollar / Japanese Yen



The triangle continues to play out.  Wave d of the triangle is either complete or in its latter stages.  A decline in wave e could lead to a sharp decline as low as 95 before the terminal thrust in wave C (that will eventually end above 101.50).