Could we see a break towards 1200?

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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I have gone long with a target of 1200/R2

You can see we had some volume where the green arrow is on the chart which showed traders are active and with the price so close to resistance I took the opportunity to buy. We are also seeing an increase in volume with the price moving towards the resistance area .
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