12.08.2016 - We are waiting for the confirmation of the signal to buy USD/JPY

Price of USD/JPY has reached the upper limit of the downward channel. Continuation of growth and fixing the price above 102.60 will be a signal to buy with targets at 103.50, 105.00 and 106.40. In case of resumption of negative dynamics quotes will return to the nearest support levels at 100.00 and 99.00. Our medium-term outlook remains positive, and we can see a sharp increase in the near future.

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