29.12.2015 - We forecast the growth of USD/JPY

The price of USD/JPY continues to fall within the local descending trend and at the moment is consolidating between 120,20-120,50. In case of overcoming the level of 120.20, we expect a further price reduction to 118,50-119,00. On the other hand breaking through the upper boundary of the channel and consolidation above 120.50 will be the basis for buying with the stop below 120.20 and objectives at 121.50, 122.30 and 123.60. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal.

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.