16.05.2014 - USD/JPY may rebound from the support

The price of USD/JPY reached the strong support level at 101.40, which is the lower boundary of the triangle. We expect strong price movement if the price will leave the triangle. A signal to sell will become fixing the price below 101.40. We recommend opening long positions after the price will gain a foothold above 101.35 and maintain medium and long-term positive outlook for the pair.

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