Yen Technical Outlook

Published March 19th, 2008 - 05:09 GMT
Al Bawaba
Al Bawaba

The decline from 108.35 is wave iii of 3 of larger III from 124.13.  It is possible that there are 5 waves complete at 95.72. 



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.