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Pausing in up-trend

Pausing in up-trend | 26 November 2013

26 November 2013, USD/JPY

USD/JPY has paused and pulled back to support at 101.33. The up-trend remains dominant and will probably resume, although there are currently no active bullish counts. A move up to 101.65 could be a sign the up-trend is renewing. The 103.72 highs are the next major target and if the exchange rate manages to decisively clear 102.00 then I would expect a run up to those highs.
Pausing in up-trend
Mark Satcher
Analyst of «FreshForex» company
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