Yen Technical Outlook

Published March 20th, 2009 - 06:52 GMT
Al Bawaba
Al Bawaba


The longer term USDJPY decline may have resumed. The advance from 87.09 is in 3 waves and price has dropped below the wave A high at 94.67, confirming that the decline is in 3 waves (and can not become an impulse). 96.20/90 is the zone to sell into, against 99.