04.10.2016 - We anticipate the growth of USD/JPY to 103.50 and above

Price of USD/JPY continued its upward momentum along the inclined support line and broke through the upper limit of the downward channel and an important level of 101.40, fixing above which is a signal for changing the local trend from negative to positive. The closest objectives in this case will be further increase of price to 103.50, 105.00 and 106.40. Our medium-term outlook remains positive, and we expect growth in the next few days.

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