Yen Index - Daily

== DAILY CHART ==

Taking a look at the daily view, stochastics and RSI are indicating oversold conditions as we approach the descending level of support. We might see a potential pullback up towards the orange area as illustrated on the chart. This would be approx. a 100+ pip bullish upside reward for those that are willing to take on risk at this 6 year low. At this point, overall the trend is bearish until price-action is able to climb above the 200 SMA