07.01.2015 - USD/JPY is trying to continue to decline

The price of USD/JPY after overcoming the level of 119.00 has reached a point 118.00, but could not break it. At the moment, quotes are trying to gain a foothold below this mark, that will confirm the signal for opening short positions with the targets at 117.40 and 115.00. In this case, a stop should be set above the local maximum at 120.75. Despite the possible drop in prices in the near future, we keep positive medium-term outlook with targets at 122.00 and 125.00.

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