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Old 06-19-2007, 09:20 AM
DailyFx's Avatar
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Join Date: Jan 2007
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Default Japanese Yen Digests Losses
Commentary: "It is our working assumption that the USDJPY is working higher in a C wave towards the 128.00 area over the next few weeks/month.


The 78.6% of 135.13-101.67, the 100% extension of 108.98-122.17/115.14, and the 100% extension of 101.67-121.39/108.98 are between 127.97 and 128.70." Near term, 122.82-123.30 should provide solid support. Strategy: Looking to align with bull trend between 122.82 and 123.30
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