Resistance now nearer at 103.72 highs | 03 12月 2013
03 12月 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.