11.03.2015 - The price of USD/JPY hit the target level
The price of USD/JPY corrected down after reaching the next target of 122.00. At the moment, quotes fixed beyond the ascending channel and according to our forecasts again reached the level of 122.00 in the near future. Overcoming 122.00, will be the basis for the continuation of the upward movement to the level of 124.00 and 125.00. The fall is limited by the levels of support at 120.50 and 119.50. We recommend holding long positions with a stop below 119.50 and maintain a medium-term negative outlook.