Pausing in up-trend | 26 November 2013
26 November 2013, USD/JPY
USD/JPY has paused and pulled back to support at 101.33. The up-trend remains dominant and will probably resume, although there are currently no active bullish counts. A move up to 101.65 could be a sign the up-trend is renewing. 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.
