22.08.2014 - The price of USD/JPY stopped growing
The price of USD/JPY is consolidating in a narrow range 103,70-104,00. In case of fixing the quotes above 104.00, the price will continue to rise with the objectives of 104.70 and 105.40. Fixing the price below 103.70, will be a signal to close long positions and re-entry into the position is likely to be after the rebound of price from 103.00. We maintain our positive outlook for the medium-term.