Upside count to 98.25 | 10 October 2013
10 October 2013, USD/JPY
Price has broken above the down-trend-line and has started rising quite strongly. The new short-term up-trend has a count of 98.25 which the exchange rate would be expected to reach.
The chart still has a bearish bias, however, and it is possible that there will be a resumption of the trend lower, with a break below 97.15 signalling a probable continuation down.
.jpg "Upside count to 98.25")
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.
