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

USD/JPY and 200 day SMA

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

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 :)

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