05.08.2015 - We expect the strong price movement of USD/JPY in the coming days

The price of USD/JPY continues to consolidate between the lower boundary of the rising channel and the level of resistance at 124.50. The breaking of 124.50 will lead to continued growth of quotations to the target levels at 125.00 and 125.70. Breaking through the bottom of the channel and the level of 123.00 will be a signal for the continuation of the price fall to 121.50 and 120,20. We expect strong price movement in the near future after the end of correction. We expect that in the medium term, quotations will reach the target marks at 128.00 and 130.00.

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