Japanese Yen ... Bearish Delight?

6JH9 MARCH JAPANESE YEN DAILY:

Head & Shoulders created January towards beginning of February. 1.10 neck broken with current bear flag setup. The resistance now comes from the highs set in mid January which created a double top of (12/17/08 1.1492 and 1/17/09 1.1496). A break above this and we could see another retest of the highs, on the other hand continued resistance and bearish setup in my opinion will bring pressure to retest the lows set in January. Stay tuned.

6JH9 MARCH JAPANESE YEN WEEKLY:

Past performance is not indicative of future results. The risk of loss in trading futures and options is substantial and such investing is not suitable for all investors. An investor could lose more than the initial investment.