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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.