Yen Technical Outlook

Published March 4th, 2009 - 07:39 GMT
Al Bawaba
Al Bawaba



 

Resistance for the USDJPY is at 100.50 / 101; which is the November 4 high / 61.8% of the decline from 110.71.  RSI has been above 70 for 8 trading days now, which increases the probability of a reversal in the coming days.