21.07.2016 - Quotes of USD/JPY may continue the correction

Price of USD/JPY showed increased volatility within which fell to local ascending channel's lower border. In case of a resumption of growth closest targets will be 108.00 and 109.85. On the other hand, the breaking of the lower boundary of the channel and the level of support at 105.00 will be a signal for a change in trend to the negative with potential of reduction to 103,50 and 101,40. We expect growth in the medium term, but the probability of correction after the strong growth significantly increased.

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