Chinese EspaƱol Fri, 16 May 2008
head-search-back
News Calendar Charts Currency Rooms Forum DailyFX Plus Sign In

advertisement

Yen Technical Outlook

Monday, 05 May 2008 14:16:33 GMT

Written by Jamie Saettele, Currency Analyst

The structure of the rally from 95.72 is evidence that the larger trend remains down. 

The advance consists of overlapping waves and can be counted as a double zigzag (W-X-Y); which is two 3 wave segments connected by an X wave.  We’ll be looking to confirm a top this week.  

< Prev    Next > [ Back ]