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USDJPY continues its upward movement from 98.58
Tuesday, May 14, 2013 19:07
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USDJPY continues its upward movement from 98.58, and the rise extends to as high as 102.42. Support is at 101.20, as long as this level holds, the uptrend could be expected to continue, and next target would be at 104.00 area. On the downside, a breakdown below 101.20 will suggest that consolidation of the uptrend is underway, then pullback to 100.00 area could be seen.
