Pulling-back from resistance | 04 November 2013
04 November 2013, USD/JPY
The USD/JPY pair has reached major resistance from the bottom of the large triangle which has formed since May. It may pull-back from here to support at 98.45 but eventually the dominant up-trend is expected to resume and carry higher, breaking up above the line before reaching resistance at 99.40. The most recent count is to 99.85 and despite the layers above this remains the eventual objective for the pair on the short-term horizon.
.bmp "Pulling-back from resistance")
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.
