USD/JPY: Melanjutkan Tren Naik

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The USD/JPY pair has rebounded strongly climbing over 300 points in a few hours after the BOJ rate-meeting confirmed more stimulus. The renewal of the up-trend will probably take the pair even to the former 96.70 highs although currently it has stalled at an old trend-line where it may pause to consolidate before moving higher. A decisive move above the prior 96.70 highs would then be required to confirm a breakout, bringing 100 into focus as the next upside target.

Forex4you analis Joaquin Monfort
Analisa Oleh:
Joaquin Monfort
Forex4you Analis

Posted: April 4th, 2013 under Technical Analysis.

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