23.11.2015 - We expect further growth of USD/JPY

The price of USD/JPY after reaching the lower boundary the rising channel, continued to grow within it, and in the case overcoming the resistance at 123.50 will continue the upward movement to 124,50 and 125,40. On the other hand, breaking of the channel's lower border and fixation below the local minimum at 122.50, will be the reason for the fall of quotations to 121.50, but this scenario is unlikely. Our medium-term outlook remains positive and we recommend holding long positions with the stop below 121.50.

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