Strongly trending higher | 25 November 2013
25 November 2013, USD/JPY
USD/JPY has reached its target at 101.80, generated from the count from the November 14 column and is now pulling-back. There is the possibility of a pause and consolidation at this level before another break higher. Currently there are no obvious active bullish counts, but the up-trend remains strong and will probably continue. The 103.72 highs are the next major target and if the exchange rate manages to decisively clear 102.00 then I would expect a run up to those highs.
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.
