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Japanese Yen Rejects 118.50
By Jamie Saettele, CMT, Sr. Technical StrategistSlight bearish divergence on the hourly with RSI
gives scope to a rally attempt. Initial resistance would be at
117.65. It takes a break below 116.54 to suggest that a more pronounced
decline is underway.
- Oct, 17 00:12 GMT Euro Near Major Top Against US Dollar, but Timing Anything but Clear
- Oct, 17 00:01 GMT British Pound Looks to 3Q GDP to Keep the Bullish Momentum
- Oct, 17 00:01 GMT Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar
- Oct, 16 23:40 GMT US Dollar May Be Setting Stage for Advance
- Oct, 16 23:39 GMT Canadian Dollar May Come Under Pressure Ahead of BOC Decision
- Nov, 09 11:48 GMT Japanese Yen Loses 118 Figure
- Nov, 08 12:19 GMT Japanese Yen Probes Bottom Of Pivot Zone
- Nov, 07 12:04 GMT Japanese Yen Down In 5 Waves
- Nov, 06 14:07 GMT Japanese Yen Down In 5 Waves
- Nov, 03 12:42 GMT Japanese Yen Holding Strong

