USD/JPY continues to improve. A new phase of
strength is favored as long as the hourly support at 97.92 (see also the rising
trend line) holds. Monitor the resistance at 98.73 (01 October 2013 high). Other
resistances are at 99.18 (24 September 2013 high) and 99.67. An initial support
lies at 98.08 (14 October 2013 low).
In the longer term, the technical configuration since
the 22 May peak at 103.74 looks like a pause within an underlying uptrend. A
significant support stands at 95.81. A key resistance stands at 101.53.
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