The Yen pairs continue to show signs of over extension, Eur Yen made an aggressive reversal at the recent high and continues to look. We see a big separation between the 50ma and 200ma now which will likely force EY lower in the coming sessions. The key elements
Reversal - "shark fin" at the highs.
Extended price separation
Target 1 139.25
Target 2 138.50
Valid until stop 141.60
Reversal - "shark fin" at the highs.
Extended price separation
Target 1 139.25
Target 2 138.50
Valid until stop 141.60