Rising higher - target 100.70 | 14 November 2013
14 November 2013, USD/JPY
The USD/JPY pair has risen up strongly and broken out above important resistance at about the 99.00 level. The break was a significant bullish signal indicating the trend higher continues - and that there is no reason to believe it will stop. It will now probably go even higher until it reaches the 100.40 level, and then above that until it reaches the the target generated by the previous valid count at 100.70.
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.
