18.11.2015 - We are waiting for the signal for the continuation of growth of USD/JPY

The price of USD/JPY after the correction to the level of 122.50, resumed growth and currently has reached the level of a local maximum near 123.50. In case of overcoming this resistance, quotations will continue the upward movement to 124.50 and 125.40. The probable correction is limited by the level of support at 122.50 and the lower boundary of the rising channel. We expect continued growth in the near future and recommend holding long positions with the stop below 122.50. We expect continued growth of prices in the medium term.

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