22.01.2016 - ​We are waiting for the confirmation of a buy signal on USD/JPY

The price of USD/JPY has shown strong growth within the correction and approached the important resistance level at 118.40. The breaking and fixing of price above this level will be a signal for opening long positions with the stop below 116.00 and target levels at 120.20, 121.50 and 122.30. It is worth noting that in the near future quotes can resume the decline and return to the levels of 117.00 and 116.00. We expect a rise in prices and wait for confirmation of the signal for opening long positions.

USD-JPY Exchange Rate

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