Up-trend resuming | 02 December 2013
02 December 2013, USD/JPY
USD/JPY has paused to consolidate in a strong up-trend. This is probably just a temporary consolidation before the next break higher, targeting the 103.72 highs. A move above 102.70 would provide added confirmation of such a continuation. There is also a new bullish count calculated from the column after the November 26 lows, which is now active and has generated an upside target of 104.60, providing the next objective.
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.
