19.01.2016 - We are waiting for a signal to buy USD/JPY
The price of USD/JPY after a sharp decline was unable to gain a foothold below the level of 117.00, and as a result of the correction broke through the upper limit of the downward channel. In case of continued growth and overcoming the local maximum at 118.40, we recommend to open long positions with the upside potential to 120.20, 121.50 and 122.30. In case of resumption negative dynamics, the target level will be 116,00. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal.