02.03.2016 - We are waiting for the signal to buy USD/JPY

The price of USD/JPY continues gradual growth and recently has overcome the level of 114.00. If the price fixates above the level of 114.70 will be completed formation of reversal pattern - "double bottom" and we recommend to open long positions with the immediate objectives at 117,00, 118,80 and 121,50. In the near future correction is possible till the local rising channel's lower border. Our medium-term outlook is positive and we are waiting for the price increase in the near future.

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