24.12.2015 - Price of USD/JPY broke through the important support

The price of USD/JPY after consolidating around the levels of 121.00 continued to decline and was able to break through the support level at 120.50, fixation under which will be a signal for the continuation of the negative dynamics of price with the potential of reaching the levels 119.00 and 118.50. At the moment, there is a possibility of rebound of the price upwards to 121.50 and 122.30. Our medium-term outlook remains positive, and we are waiting for the resumption of growth in the near future.

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