01.09.2016 - The growth of USD/JPY continues within the uptrend

Price of USD/JPY continues to grow steadily after failed to overcome the psychologically important support level at 100.00 and the trend has changed to positive. Currently quotations are trying to overcome the level of 103.50, which will be the basis for continuation growth till 105,00 and 106,40. Within the correction quotations may return to the levels 102,00-102,60. Our medium-term outlook remains positive and we are forecasting increased volatility in coming trading sessions.

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