Yen Technical Outlook

Published March 18th, 2009 - 06:55 GMT
Al Bawaba
Al Bawaba

At this point, there are only 3 waves down from the top so a top can not be confirmed.  Coming under 97.11 would be evidence that a top is in place.  Until then, it is possible that price exceeds 99.72 and tests Fibonacci resistance at 101.