(17 JULY 2017)USD / JPY:Weakening.

(17 JULY 2017)USD / JPY:Weakening.

17 July 2017, 13:46
Jiming Huang
0
20

jyp


Weakening.

(By Yann Quelenn)

• USD/JPY is going lower. Hourly support given 

at 112.83 (13/07/2017 low) has been broken. 

Stronger support is located at a distance at 

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

continued bearish 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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