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10.06.2015 - We expect a drop in USD/JPY in the near future

The price of USD/JPY has broken through the lower boundary of the rising channel, and was able to overcome the local minimum at 123.75. This fact was the confirmation of the signal for opening short positions. Currently quotes are consolidated near the level of 123.00, and according to our forecast will continue to decline until the next targets at 121.50 and 120.20. Within the correction quotations may grow up to resistance at 123.75. We keep medium-term positive outlook, but at this point we recommend to keep the short positions with a stop above 124.00.

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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