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Ascending movement is expected

Ascending movement is expected | 23 April 2015

23 April 2015, USD/JPY

We recommend to consider Long positions on this pair

Ascending movement is expected Us Dollar/ Yen continues to move along the boundaries of red alpha channel. After price has reached its previous local Low, we saw its new reversal and upward movement. At present, we expect the pair to go up to resistance level. Ascending target is located on the bottom boundary of red alpha channel. We recommend to consider Long positions on this pair.

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