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Japanese Yen Remains In Correction

By Jamie Saettele, CMT, Sr. Technical Strategist
24 October 2007 13:55 GMT

Look for resistance at 115.93 (100% extension of 113.24-115.04/114.13) and the 61.8% of 117.93-113.24 at 116.14.  Once we see evidence of a top, we will be getting aggressively bearish (and we’ll let you know here).  Very short term traders might try and trade this small c wave higher with risk at 114.13. 


Strategy: Flat

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24 October 2007 13:55 GMT