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.