Meeting resistance | 06 November 2013
06 November 2013, USD/JPY
The USD/JPY has resumed its up-trend and moved higher, climbing back up to just shy of the 98.80 resistance highs. It may have difficulty breaking above but overall the probabilities lie with a successful breach above 98.80 and a continuation up to the next target, situated at 99.38. The up-count for the move based on the most recent count is above that at 99.85.Confirmation from a break above 98.90 would be a useful precaution given the strong clustering of resistance there.
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.
