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

12.10.2016 - We expect growth of USD/JPY to 105.00 and 106.40

The price of USD/JPY is consolidating around the level of 103.50 and came close to the lower boundary of the rising channel. According to our forecasts, growth will continue in the near future within the channel and after overcoming a local maximum at 104.00, we expect the price increase to 105.00, 106.40 and 108.00. On the other hand, we do not exclude the breaking of the lower boundary of the channel, and in case of continued negative dynamics, a signal to sell with the potential of reaching the levels of 101.40 and 100.00 will be fixing of price below the local minimum at 102.80. Our medium-term outlook remains positive.

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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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