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

17.11.2014 - Yen's rise was limited and a drop in prices will continue in the near future

The price of USD/JPY fell sharply today after the publication of the data on reducing the country's GDP by 0.4% in Q3 2014. Despite this, the price ascending movement resumed after it rebounded from the bottom of the rising channel. According to our estimates in the near future quotes will reach the level of a local maximum near 117.00 and then will continue to rise within the channel with the target near 120.00. At the moment, there is no reason to talk about the change of the trend in this regard, we recommend holding long positions with a stop below 114.00.

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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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