19.02.2015 - The price of USD/JPY rebounded from the support

The price of USD/JPY after a sharp downward correction to the important support level at 118.50, rebounded upwards and has overcome the level of 119.00. In case of further growth, quotes will reach the targets 120.00 and 120.50. In case of a fall of price and fixing quotations below 118.50, we recommend to open short positions with the potential of fall to 117.00 and 116.00. We recommend holding long positions with a stop below 118.50 and maintain the medium-term positive outlook for the pair.

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