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Up-trend resuming

Up-trend resuming | 02 December 2013

02 December 2013, USD/JPY

USD/JPY has paused to consolidate in a strong up-trend. This is probably just a temporary consolidation before the next break higher, targeting the 103.72 highs. A move above 102.70 would provide added confirmation of such a continuation. There is also a new bullish count calculated from the column after the November 26 lows, which is now active and has generated an upside target of 104.60, providing the next objective.
Up-trend resuming
Mark Satcher
Analyst of «FreshForex» company
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