19.06.2015 - USD/JPY dropped to a local minimum, and may continue to fall

The price of USD/JPY was unable to consolidate above the strong the level of 123.75, and began to decline. As a result, quotations dropped to a local minimum at 122.50. If the price falls below this level there is a high probability of further reduction in the price to 121.50 and 120.20. Despite the current risk of falling, we maintain a medium-term positive outlook, with the target 130.00 but for opening long positions we should wait for overcoming the resistance at 125.70.

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