26.04.2016 - The price of USD/JPY may continue correction

Price of USD/JPY was unable to gain a foothold above the level of 111.00 and currently is consolidating below this level. In case of continued negative dynamics, the target level will be 109.75. It is worth noting that in the near future there is a high probability of resumption of positive dynamics of price with the first targets at 112.15 and 114.70. Our medium-term outlook remains positive, and we expect a strong increase in volatility in the coming days.

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