07.03.2014 - Japanese Yen continues to devalue
The price of USD/JPY continued to grow within the local rising channel and has overcome the strong resistance level 102.70. We recommend to open long positions with the targets near the resistance levels 104.00 and 104.70. In case of correction the price may drop to 102,50-102,70, but then with a high probability will resume the growth. We keep medium and long term outlook for USD/JPY.