FOREX ALERTS >>
DailyFX Plus Login

jpy technicals

Article

Yen Technical Outlook
Monday, 27 July 2009 14:30:47 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

The drop below 93.50 eliminates the bullish triangle count and leaves us with the bearish count in which the decline from 101.50 is a series of 1st and 2nd waves.  The USDJPY is resisted by the 200 day SMA (95.22 today).  Bears are favored against 97.00.
 

More Articles

Feedback Form