Recovering after pull-back | 04 December 2013
04 December 2013, USD/JPY
USD/JPY has probably resumed its up-trend after temporarily pulling back to 102.00. It has now risen back up to 102.80 and may now rise further to re-touch the 103.35 highs. A move above 103.40 could provide confirmation of a break higher, to perhaps the 103.72 highs or resistance at 104.15. A bullish count calculated from 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.
