USDJPY 11.09.2013

Hi all,


I would like to share my view on USDJPY. (You can find my previous post on USDJPY here http://supamanfx.blogspot.com/2013/09/usdjpy-10092013.html)

USDJPY rally nicely today, showing clear sign of strength, break above Monday high @ 100.10 and Friday high (pre-NFP high) @ 100.22. Monday gap mentioned in my previous post hold nicely, showing strong support and indeed was a "Breakaway Gap". The market possibly in "third of a third of a third", which means we should expect a lot more upside strength coming up next.

http://d.pr/i/4mlo - M30 chart

http://d.pr/i/EI2x - H4 chart 

http://d.pr/i/MilZ - Daily chart

I'm looking higher in this pair, targeting 105.00-106.00 as mentioned in previous post. (Weekly chart)

Please give your comment on this. Thank you


Supaman_fx
Duc