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Pausing in up-trend

Pausing in up-trend | 29 November 2013

29 November 2013, USD/JPY

USD/JPY has pulled back after strongly trending higher. This is probably just a temporary adjustment before the next leg up begins. The pull-back could extend to 101.75 but after that the dominant short-term up-trend will probably resume, with the 103.72 highs targeted next. There is also a new bullish count calculated from 22 box column rising up from the November 26 lows, which is now active and has generated an upside target of 104.60.
Pausing in up-trend
Mark Satcher
Analyst of «FreshForex» company
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