20.08.2014 - On the USD/JPY chart has formed a buy signal

The price of USD/JPY accelerated growth after breaking through the level of 102.70 and has overcome the level of the nearest local maximum at about 103.00, which was a confirmation of the signal to open long positions with the targets of 104.00, 104.70 and 105.40. We recommend to open long positions with a stop below 102.20. Our medium-term outlook also remains positive.

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