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Breaking higher, 100 eyed

Breaking higher, 100 eyed | 12 November 2013

12 November 2013, USD/JPY

The USD/JPY has risen higher, up towards the 99.85 count target. Once that is met, however, there are no higher targets on the chart. The short-term up-trend has resumed and will probably now continue going up. There will probably be quite substantial resistance at 100.00. There will then probably be a move up to resistance highs at 100.60 afterwards. The bias remains to the upside as the short-term trend moves in sync with longer-term market forces.
Breaking higher, 100 eyed
Mark Satcher
Analyst of «FreshForex» company
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