(05 JUNE 2017)USD / JPY:Renewed bullish pressures.

(05 JUNE 2017)USD / JPY:Renewed bullish pressures.

5 June 2017, 13:43
Jiming Huang
0
19

jpy

Renewed bullish pressures.

• USD/JPY is trading higher towards resistance 

given at 112.13 (24/05/2017 high). Hourly support 

is given at 110.24 (18/05/2017 low). Stronger 

support is located at 108.13 (17/04/2017 low). 

Other key supports lie at a distant 106.04 

(11/11/2016 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 Yann Quelenn)

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