08.07.2015 - We expect a the price decline of USD/JPY

The price of USD/JPY after several unsuccessful attempts failed to overcome a strong support level at 122.00, which is a signal for opening short positions with the closest targets at 120,20 and 119,00. In case of upward correction, we expect growth to 122.00 and 122.50. Our medium-term outlook remains positive, but we expect a reduction of the price in the near future.

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