USD Climbing Against YEN

The ProShares UltraShort Yen (YCS) has hurdled its nearest-term resistance line around 42.00/05, and has continued higher towards a confrontation with its declining 200-Day Expo MA, now at 42.77.

However, beyond its short-term challenges, let's notice that the YCS has carved out a massive potential base formation during the past 18 months that represents an intermediate-term bottom for the USD, and a top for the YEN.

The huge base has taken the form of a BIG "W" formation, with the YCS just starting to climb the "right side" of the W.


  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!