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    USD/JPY: open long positions at the lower line of the upward channel on 06.07.2015

    Last week the pair continued to trade within a narrow downward channel. On Wednesday, the price headed up, supported by favorable macroeconomic statistics on labor market and key U.S. indexes. But, at the end of the trading week, the pair went back down. On Thursday, Initial Jobless Claims statistics was more than 10 K applications above the forecast, the indicator Nonfarm Payrolls was also in the red zone.


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