The USD/JPY pair has continued to rise higher as its steady short-term up-trend continues. There seems to be no reason why it should not carry on. It broke above key resistance at 100.00 – a very bullish milestone - and has now stopped and paused to consolidate, possibly before the next move higher. The current active count provides the next target higher at 100.70, close to the level of the key highs at 100.60 and the pair may stop to consolidate there. A new target at 101.80 has also been generated by the most recent rally, and may provide a longer-term expectation.
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