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Bullish trend resuming

Bullish trend resuming | 09 December 2013

09 December 2013, USD/JPY

USD/JPY has resumed its up-trend. It has moved up quite strongly and rapidly and is expected to continue the primary up-trend even higher. A significant count has not yet been established but the pair will probably now go on to reach the old highs, which are not far above at 103.35, and then eventually the older highs at 103.75. The medium term trend is up and the breakout above the multi-week triangle signaled the next leg of the bull trend was likely to continue up.
Bullish trend resuming
Mark Satcher
Analyst of «FreshForex» company
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