30.06.2016 - The fall of USD/JPY may continue after the current stabilization

Price of USD/JPY has stabilized and currently is consolidated below 103.00 and the upper limit of the downward channel. In case of continued rising dynamics, the first targets will be 103.50 and 105.00. Fixation above 103.50 will be a strong signal to buy with a stop below 101.50. Our medium-term outlook remains positive, but in the near future there is a high probability of fall of quotations within the descending channel.

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