Upside Breakout In The Japanese Yen Starting?
Chris Kimble | May 06, 2014 01:25PM ET
This multi-year chart of the Japanese Yen (upper left) reflects that rising channel is in place looks to be in place with support tested of late. Over the past couple of years a bullish falling wedge could well have formed.
Is a breakout above the wedge taking place while traders own positions where rallies often take place in the Yen???
If the Power of the Pattern read is correct on the Yen, it could have an impact on portfolio construction and risk assets!
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