Wednesday, February 18, 2009

Japanese Yen Update



The Japanese Yen was down again today and is rapidly approaching the low for the year. If the Yen can trade below the January low, that will confirm the double top formation and my bearish outlook on this currency. I originally warned of a top in the Yen back in December which turned out to be the exact high. You can read that post by clicking here.

1 comment:

Anonymous said...

hey great top.i was looking at the euro and the gbp.seems like the euro could be doing a double bottom and the gbp the beginning of a rounded bottom.can you take a look at them.thanks

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