Yen Technical Outlook

Published June 4th, 2009 - 06:43 GMT
Al Bawaba
Al Bawaba


US Dollar / Japanese Yen



The triangle count remains valid.  Under this count, wave d (triangles unfold in 5 waves (a-b-c-d-e)) of a B wave triangle is underway towards 98-99.  A drop below 93.50 would favor a bearish breakout strategy against 97.26.