22.08.2016 - The price of USD/JPY may change the trend to positive
Price of USD/JPY broke through the upper limit of the downward channel, and has reached the local resistance level at 100.85. Fixing the price above this level will be a signal to buy with potential targets at 102.60, 103.50 and 105.00 and the stop below 99.60. On the other hand, in case of resumption the negative dynamics quotes can return to 98.60 and 97.00. According to our estimates, the growth will continue in the near future and we also maintain a medium-term negative outlook.