Wednesday, February 25, 2009

Japanese Yen Downside Target



As you all know I've been bearish on the Yen since last December based purely on technical patterns. Since then the Yen has fallen significantly and has confirmed the double top formation that I've been writing about over the past few weeks.

If you look at the above chart, I marked off where I think the Yen will be going in the weeks to come. If you are curious as to why I was bearish on the Yen back in December, you can read those posts by clicking here and here.

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