(10 April 2017)USD / JPY :Moving sideways.

(10 April 2017)USD / JPY :Moving sideways.

10 April 2017, 14:02
Jiming Huang
0
33

USDJPY


Moving sideways. 

• USD/JPY is consolidating below resistance at 

112.20 (31/03/2017 high). Stronger resistance can 

be located at 113.57 (16/03/2017 high) while 

support is given at 110.11 (27/03/2017 low). 

• We favor a long-term bearish bias. Support is 

now given at 96.57 (10/08/2013 low). A gradual 

rise towards the major resistance at 135.15 

(01/02/2002 high) seems absolutely unlikely. 

Expected to decline further support at 93.79 

(13/06/2013 low).

(By Peter Rosenstreich )

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