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$/Yen, Final New Lows Over Next Few Weeks?

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 8, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    $/yen has turned sharply lower from the recent high at 94.60, potentially completing the 3 wave correction (a-b-c) from the Dec low at 87.15, and suggesting eventual declines back to that 87.15 low and even below. On a very near term basis however, the market is testing support at 90.80/90...

    complete article here...

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