19.10.2016 - Price of USD/JPY may fall in the near future

Price of USD/JPY was not able to continue the growth and gain a foothold above the level of 103.50. As a result, of breaking through the lower boundary of local rising channel and the level of support at 103.50, appeared the signal to sell with a stop above the local maximum at about 104.70 and targets at 102.80, 101.40 and 100.85. Despite the likely drop in prices in the near future, we save a medium-term positive outlook with targets at 105.00, 106.40 and 108.00.

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