Monday, December 2, 2013

USD/JPY ~ 2 December 2013

The USD/JPY rallied nicely after the breakout of the triangle:

We're now approaching the next resistance, the May highs. We might get at least a short-term correction around these levels. However, the pattern this year looks very similar to last year. So, if 103.5ish breaks, we could go much higher.

Author: Patrick Eugster