Trend higher continuing | 28 November 2013
28 November 2013, USD/JPY
USD/JPY continues higher as its up-trend extends. It is expected to continue as there are no signs of weakness yet and some key resistance levels have been breached with relative ease. It has now moved above the strong 101.85 resistance level and decisively cleared the psychologically significant 102.00 level. This opens the way up to a strong move up to the 103.72 highs, which constitute the next major target to the up-side. A break above 102.30 now would also generate a new bullish count higher to 104.60.
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.
