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Friends and Traders Discussion Forum

Bullish YEN expected
By:Rick Ratchford (Analyst - AmazingAccuracy.com)
Date: Tuesday, 24 June 2008, 1:10 pm

This is the time period where the YEN has a high probability to turn bullish.

The MONTHLY low for June is at calculated support from three different methods.

Weekly low is also at support, is considered oversold, and its low is within a weekly cycle turn window.

Daily prices are currently correcting to the downside. This provides an opportunity to get on board the LONG side in the Yen at better prices and closer to current weekly/monthly low.

Cheers!
:)

Rick