4/04/2011

Is the Yen Bullish rally about to end?

 Some Japanese Yen crosses are at or approaching significant resistance.

AUD/JPY Already showing some rejection at the confluence level between previous highs (April to May 2010) and 127% Fib Ext.


CAD/JPY To the pip bounce at confluence between channel UTL and 61% Fib.

 
CHF/JPY This pair is approaching relevant Resistance in a weekly TF, at the same time Channel UTL might play an important ''Bearish role''.  


EUR/JPY Is testing major 23% Fib on weekly TF in confluence with previous bottoms (January to March 2010) that may act as Resistance.

 
NZD/JPY It is approaching clear resistance in a RSI ''Overbought'' Condition.  


USD/JPY November 27th 2009 bottom is acting as Resistance so far.

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