25.02.2016 - We expect the strong growth of USD/JPY

The price of USD/JPY started to correct upwards after approached the local low at 111.00. As a result of the rebound, quotes broke through the upper limit of the local downward channel and reached resistance at 113.00. Fixing the price above this level will cause continued growth to 114.70, after overcoming of which the rise may continue until 117,00, 118,80 and 121,50. Our medium-term outlook remains positive, and we recommend accumulating long positions.

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