The Dollar is Breaking Down Against the Yen, too

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Time to watch USD vs YEN, as it starts to break down from its Aug-Oct sideways (Bear Flag) congestion zone, towards a test of the Aug low at 116.15, which will complete a year-long top formation, and leave USD/YEN in a particularly-precarious technical position. I remain long Currency Shares Japanese Yen ETF (FXY) at 81.00 from Sept 1 (last is 81.70/75).

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