05.09.2014 - USD/JPY hit the target level
The price of USD/JPY hit another target level at 105.40 and started to correct downwards. Currently quotations are moving inside the rising channel and can continue its upward movement with the closest objectives of 106.00 and 107.20. In case of price reduction below 104.70 and the lower boundary of rising channel, we recommend to close long positions and wait for another signal for opening long positions. Our medium-term and long-term outlook remains positive.