Yen Technical Outlook

Published February 5th, 2008 - 07:04 GMT
Al Bawaba
Al Bawaba





We maintain that the strong rally from 104.97 is a c wave that will complete a larger second wave as an expanded flat.  Price is expected to exceed 107.92 and resistance should be strong in the 108.33/50 area.  Look for a top and reversal near there.  This count is intact as long a price is below 110.11.