Correction in up-trend | 17 October 2013
17 October 2013, USD/JPY
The USD/JPY currency pair remains in a short-term bullish trend, which has continued to make new highs, despite recent volatility. It has now generated an up-side target of 99.80 calculated from the most recent trough lows. Currently price is falling quite strongly, however, and I would want to see a break above the current 98.95 highs before expecting the rally to continue to the 99.80 target.
.bmp "Correction in up-trend")
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.
