22.07.2014 - USD/JPY is preparing for a strong movement

The price of USD/JPY after the rebound from the bottom of the triangle has reached its upper limit. In case of continued growth, a buy signal will be fixing the price above 101.70. In such case the target levels will be 102.20 and 102.70, after which growth may continue to 104.00. Continued fall with targets at 100.40 and 100.00 is possible after breaking through the level of 101.15. We keep positive outlook for the medium-term, but are waiting for confirmation of signals for opening positions.

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.