Resistance now nearer at 103.72 highs | 03 December 2013
03 December 2013, USD/JPY
The analysis hasn't really altered from yesterday: 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 103.40 would provide confirmation of such a move. There is resistance above at 104.15 providing the next target higher. A bullish count calculated from the column after the November 26 lows also gives 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.
