Strong bearish pressures.
(By Yann Quelenn )
• USD/JPY still lies in a bearish momentum.
Hourly support is given at 110.65 (16/06/2016
low). 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