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Dollar/Yen Daily RSI Above 70; First Time Since June 2007

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 24, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The market has finally broken back above the critical 94.60 neckline resistance (6Jan high) to fresh 2009 highs on Monday. This now triggers a major double bottom pattern which ultimately projects upside back above 100.00 and into the 104.00 area. However, daily studies are looking stretched and the risks from...

    complete article here...

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