16.12.2014 - The price of USD/JPY has broken through the important level

The price of USD/JPY continued to decline, and has overcome a strong support level at 117.40. Fixing of price below this mark will be a confirmation of the signal to sell with the objectives of 115.00 and 114.00. At the moment, quotes reached the inclined support line and can rebound upwards to 117.40 or 119.00, but more likely is the continuation of reducing the price. We are revising our medium-term positive outlook for the USD/JPY and expect a decline in the near future.

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