Forex

Kenison Counting Numbers are now projecting that a multi-year bottom in the Japanese Yen is imminent. We are now entering a critical time period where a tremendous reversal to the upside will occur.

By applying the counting numbers to the monthly chart, a powerful three month reversal zone centered on the month of July 2007 is projected. The Yen dropped below the May low in June, indicating the Yen has committed itself to an important bottom which will occur in June, July or August 2007.

By next applying the counting numbers sequence to the weekly charts, we see that a powerful three week reversal zone centered on the week of July 16, 2007 is being projected. If the market trades down into this reversal zone, we would expect the bottom to occur during that time frame.

We will be correspondingly applying the counting numbers sequence to daily and 60 minute charts to determine the three day and three hour reversal zones contained within the three week reversal zone already projected.