Up-trend continuing | 22 November 2013
22 November 2013, USD/JPY
The USD/JPY has risen up and broken above its 100.70 target. It reached new highs at 101.34 and then rotated lower. It is currently still pulling-back. It may fall back all the way to 100.70 before finding support and resuming the dominant short-term up-trend. The next target higher is the count to 101.80 from the 99.10 pull-back lows. The pair will probably continue higher as the up-trend extends. It is starting to look like it has broken out from the triangle consolidation and is moving higher.
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.
