Yen Technical Outlook

Published July 1st, 2009 - 06:20 GMT
Al Bawaba
Al Bawaba


The triangle continues to play out but there is an alternate bearish count in which the drop from 101.50 is a series of 1st and 2nd waves.  93.50 defines the trend (above is bullish and below is bearish).  Watch for potential resistance at 97.20 (6/19 high).