Pausing in up-trend | 29 November 2013
29 November 2013, USD/JPY
USD/JPY has pulled back after strongly trending higher. This is probably just a temporary adjustment before the next leg up begins. The pull-back could extend to 101.75 but after that the dominant short-term up-trend will probably resume, with the 103.72 highs targeted next. There is also a new bullish count calculated from 22 box column rising up from the November 26 lows, which is now active and has generated an upside target of 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.
