USD/JPY – Does this break confirms it?
November 13, 2013 in Chart Alert
We had covered the possibilities of USD/JPY’s break over the 200-day moving average after 3 failed attempts to sustain above it in the post “USD/JPY Talking“.
The break of that resistance had finally taken place.
200-day moving average break
We had also talked about the resistance of 99.63 to 99.67 in the old post “USD/JPY – What the charts are saying“. Well that resistance was also taken out when the pair went up and touched 99.80.
We had also talked about the 6 month old resistance trend line and the triangle formation in which USD/JPY has been contained in the previous weekly outlook update and that resistance has also been finally broken.
USD/JPY breaks over the triangle
Well, can’t we safely say that the barrier of 100.00 will soon be taken out too? I think we can. Say cheers to USD/JPY