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18.02.2014 - USD/JPY went out of the downward channel

The statement of the Bank of Japan concerning doubling two programs aimed at stimulating of lending, has led to sharp increase in quotes of USD/JPY. The price has reached the resistance at a local maximum. In case of fixing above 102.60, we expect a continued growth with the target prices at 103.40 and 104.00. Decline is limited by a strong support level at 102.00.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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