15.08.2014 - USD/JPY is gradually increasing

The price of USD/JPY continues to grow gradually along the bottom of the rising channel. In near future the price according to our forecasts will reach 102.70. To continue the upward movement it should fix above this level and to overcome the level of 103.00. Falling is limited by the levels of support at 102.20 and 101.70. We expect a price increase in the medium term with objectives at 104.00 and 104.70, but we are waiting for confirmation of a buy signal.

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