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.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .