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View Full Version : Dollar-Yen Set to Drop on Fibonacci: Technical Analysis - Bloomberg



NewsWhore
05-22-2012, 07:20 AM
Dollar-Yen Set to Drop on Fibonacci: Technical Analysis (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGuNvvONZb0IKbJF-J4ODM4-pn-HQ&url=http://www.bloomberg.com/news/2012-05-21/dollar-yen-set-to-drop-on-fibonacci-technical-analysis.html)
Bloomberg
The 79.14 level is the 61.8 percent Fibonacci retracement of the US currency's advance from a low of 76.03 yen on Feb. 1 to a high of 84.18 yen on March 15, according to data compiled by Bloomberg. “The directional risk is still skewed to the downside ...

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