Bullish trend resuming | 09 Diciembre 2013
09 Diciembre 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.
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.
