Breaking higher, 100 eyed | 12 November 2013
12 November 2013, USD/JPY
The USD/JPY has risen higher, up towards the 99.85 count target. Once that is met, however, there are no higher targets on the chart. The short-term up-trend has resumed and will probably now continue going up. There will probably be quite substantial resistance at 100.00. There will then probably be a move up to resistance highs at 100.60 afterwards. The bias remains to the upside as the short-term trend moves in sync with longer-term market forces.
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.
