December Japanese yen futures a buying opportunity on more price strength.
See on the daily bar chart for the December Japanese yen futures that prices are in a four-week-old uptrend and late last week hit a six-week high. The bulls have gained technical strength recently and would gain more by pushing prices above chart resistance at last week’s high of 1.0442. That would also become a buying opportunity. The upside price objective would be 1.0900, or above. Technical support, for which to place a protective sell stop just below, is located at 1.0250.
