1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Yen Crosses Plunge to Test Support: Expect Corrective Rallies

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 14, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    The decline from just above 131 may be the next bear leg within the drop from 170. The advance from the low is in 3 waves, confirming that the larger trend is down. Expect a bounce from near support (December 5th low at 115.85). Potential resistance begins at 119.77

    complete article here...
     
Loading...

Share This Page