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Up-trend resumes

Up-trend resumes | 21 November 2013

21 November 2013, USD/JPY

The USD/JPY has risen up to its target at 100.70, breaking above the September 11th 100.60 highs. The 100.70 level is also an important resistance level where the pair has paused to consolidate. It will probably move sideways or pull-back to 100.40 before resuming its up-trend. The next target higher is the count to 101.80 from the 99.10 pull-back lows. The pair will probably continue higher as the up-trend extends. It is starting to look like it has broken out from the triangle consolidation and is moving higher.
Up-trend resumes
Mark Satcher
Analyst of «FreshForex» company
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