(01 MAY 2017)USD / JPY:Testing 112.20.

(01 MAY 2017)USD / JPY:Testing 112.20.

1 May 2017, 14:59
Jiming Huang
0
26

 jpy

Testing 112.20.

• USD/JPY is consolidating. Strong resistance 

can be found at 112.20 (31/03/2017 high). 

Closest support can be located at 108.13 

(17/04/2017 low). Other key supports lie at a 

distant 106.04 (11/11/2016 low). Expected to 

show continued bullish pressures. 

• 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 Yann Quelenn )

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