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Breaking down more strongly

Breaking down more strongly | 05 December 2013

05 December 2013, USD/JPY

USD/JPY has fallen even lower. It is possible the current correction will be deeper than anticipated. The exchange rate has breached the 45° trend-line and is likely to fall further. The column down from the recent highs gives a down-count to 100.95 which is probably the next target lower. A re-break of 101.80 would give confirmation of the continuation down to that target.
Breaking down more strongly
Mark Satcher
Analyst of «FreshForex» company
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