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).
