19.07.2016 - USD/JPY could continue rising to 108.00

Price of USD/JPY after some consolidation resumed attempts to overcome the resistance level at 106.40. In case of success, we with a high probability expect continued growth of quotations with potential targets at 108.00 and 109.85. In case of correction, quotes will return to support at 105.00, but its overcoming is unlikely. Our medium-term outlook remains positive, and we are waiting for the signal to buy.

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