-
USD/JPY – Making new highs
USD/JPY has breached the resistance area between 94.77 (25/02/2013 high) and 94.99 (04/05/2010 high). Further strength is expected. The next resistance can be found at 97.79 (07/08/2009 high). Hourly supports can be found at 94.79 (intraday low) and 93.79 (07/03/2013 low). • USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). The first long-term objective, given by the key resistance at 94.99 (04/05/2010 high), has been reached. A move towards the next key resistance at 101.45 (06/04/2009 high) is expected.
