28.07.2015 - USD/JPY sharply corrected upwards
The price of USD/JPY corrected upwards after rebounded from the support level at 123.00. Currently quotes reached the upper limit of the local rising channel, and may continue to grow to the levels 124,25-124,50 soon. Overcoming these marks will be a signal to continue to grow to the next targets at 125.00, 125.70 and 128.00. On the other hand, fixing below 123.00 will be the reason for a drop in prices to 122.50, 121.50 and 120.20. Our medium-term outlook is positive and we expect a strong price movement tomorrow.