FXstreet.com (Barcelona) - The Yen Dollar cross traded yesterday in a bigger than usual range for a thin market According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank: We continue to watch for signs of topping in the 112.00 area. We urge caution as financial instability is likely to increase rather than decrease as we move through year-end. Concerning strategy, Elliott advices: Sell at 111.75; stop above 112.50. Add to shorts below 110.45 for 109.50/109.00.
Join the Discussion