22nd Aug – USDYEN potential double bottom

By | August 22, 2017

USDYEN : Short term techs starting to look constructive. Hourly charts have a potential double bottom. The pattern has a neckline at 109.60 . The chart pattern is approx 100 pts so the initial target topside to expect is 110.60. Support sub 109 has proven rock solid.  The previous two times USDYEN traded sub 109 this year  it had very aggressive bounces. 3rd time lucky ? Bias small long with stops sub 108.60.