Yen Technical Outlook

Published March 20th, 2008 - 03:58 GMT
Al Bawaba
Al Bawaba

The up, down sequence from 95.72 is counted as waves A and B from 95.72.  Expectations are for wave C to exceed 100.44 and test the area of the former 4th wave in the 101.40-103.60 zone. 



The 100% extension of wave A (where wave C would equal wave A) is at 102.38.  Risk on longs can be moved to 97.66.