Breaking down more strongly | 05 December 2013
05 December 2013, USD/JPY
USD/JPY has fallen even lower. It is possible the current correction will be deeper than anticipated. The exchange rate has breached the 45° trend-line and is likely to fall further. The column down from the recent highs gives a down-count to 100.95 which is probably the next target lower. A re-break of 101.80 would give confirmation of the continuation down to that target.
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.
