(03 JULY 2017)USD / JPY:Strengthening again.

(03 JULY 2017)USD / JPY:Strengthening again.

3 July 2017, 13:36
Jiming Huang
0
20

jpy

Strengthening again.

(By Yann Quelenn )

• USD/JPY is back to bullish after strong bullish 

rally while remaining within an uptrend channel. 

Hourly support can be found at 111.73 

(30/06/2017 low). Strong support is located at 

108.13 (17/04/2017 low). Expected to show 

continued 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).


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