04.06.2015 - The price of USD/JPY stabilized near the level of 124.00

The price of USD/JPY stabilized near the level of 124.00, and continues to consolidate. For the continuation of growth of quotations need to overcome the level of 125.00. In this case, the price will continue to rise with the objectives at 128.00 and 130.00. On the other hand, breaking through the lower boundary of the channel and fixing quotations below the local minimum near 123,00 will be the basis for opening short positions with the targets at 121.50 and 120.20. We keep medium-term positive outlook for quotations and recommend holding long positions with the stop below 123.00.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.