Pulling back from resistance highs | 10 ديسمبر 2013
10 ديسمبر 2013, USD/JPY
USD/JPY has reached resistance at the 103.35 highs and is pulling back. There is a possibility that it could move lower, down to support at 102.85, however, the dominant up-trend is expected to resume afterwards. There has been no count established yet since the 5th December lows but the pair will probably no go on to reach the 103.75 high, if it breaks higher, or possibly even resistance situated not far above at 104.15.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
