USD/JPY: Buying Interest is Picking Up
USD/JPY is rising towards the resistance at 100.23, suggesting a persistent strong buying interest. A move towards the key resistance at 101.53 is expected. Hourly supports stand at 99.34 (09/09/2013 low) and 98.54.
In the longer term, the validation of a bullish symmetrical triangle in the daily time frame continues to favour a minimum move towards the previous top at 103.74 (22/05/2013 high). A significant resistance stands at 101.53.