05.05.2015 - The price of USD/JPY continues to rise

The price of USD/JPY after breaking through the inclined resistance line has continued growth and currently fixed above the local maximum at 120.00. This fact gives reason to anticipate the continued growth of price to the levels 121.00 and 122.00. In case of resumption of the downward movement, quotes can be reduced to a strong support level at 118.50. Our medium-term outlook remains positive and we recommend holding long positions with the stop below 118.50.

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