Yen Technical Outlook

Published April 27th, 2009 - 06:22 GMT
Al Bawaba
Al Bawaba

I continue to favor the downside against 98.46.  The long term trend remains down and I am looking for a resumption of that trend.  The drop beneath trendline support last week bolsters the bearish case.  term bearish targets are at 96 and 94 (near former daily lows).